Thrifty Sisters

Analysis

Thrifty Sisters is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in December 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Thrifty Sisters reported income of $944k and spending of $976k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $587k to $944k (+61%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 35%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Thrifty Sisters sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within VA. Charities of a similar size with the same main cause include LDM Community Developmentcorporation ($944k), Family Promise of Southern New Hampshire ($944k) and Fern House Inc ($944k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $88k (9.0% of expenses). Other salaries and wages came to $43k. At year end it held assets of $837k against liabilities of $182k, net assets of $656k. It reported 4 employees.