Cross Works Thrift Store

Analysis

Cross Works Thrift Store is a registered charity in United States, based in Fort Payne, AL. It received its IRS tax-exemption ruling in November 2013, 13 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cross Works Thrift Store reported income of $385k and spending of $319k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $269k to $385k (+43%), an average of +9.4% a year. The sharpest change came in the year to December 2021, when income rose by 40%. Over the whole period it spent 91% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Cross Works Thrift Store sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within AL. Charities of a similar size with the same main cause include The Repairers Church Family Worship Center ($385k), Christian Radio Fellowship Inc Waft-Fm ($385k) and Operacion San Andres ($385k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $75k. At year end it held assets of $483k against liabilities of $0, net assets of $483k. It reported 3 employees.