Good Stuff Thrift Inc

Analysis

Good Stuff Thrift Inc is a registered charity in United States, based in Doylestown, PA. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Good Stuff Thrift Inc reported income of $6.8m and spending of $6.6m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.4m to $6.8m (+100%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Good Stuff Thrift Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within PA. Charities of a similar size with the same main cause include Council for Educational Travel ($6.8m), Peregrine Corp ($6.8m) and The Womens Home ($6.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. Other salaries and wages came to $2.9m. At year end it held assets of $2.0m against liabilities of $223k, net assets of $1.8m. It reported 209 employees.