Ten Up Ministries Thrift Store

Analysis

Ten Up Ministries Thrift Store is a registered charity in United States, based in Saint Albans, WV. It received its IRS tax-exemption ruling in July 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 January 2024, Ten Up Ministries Thrift Store reported income of $5.1m and spending of $4.7m, spending 92% of its income. Across the 5 years on record, from January 2020 to January 2024, income grew from $1.3m to $5.1m (+293%), an average of +41% a year. The sharpest change came in the year to January 2021, when income rose by 136%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ten Up Ministries Thrift Store sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within WV. Charities of a similar size with the same main cause include Operation BBQ Relief ($5.1m), Village Learning Center Inc ($5.1m) and Mattern House Inc ($5.1m).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 0.9% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $430k (9.1% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $2.9m against liabilities of $1.5m, net assets of $1.4m. It reported 133 employees.