Clubs Thrift Store Inc

Analysis

Clubs Thrift Store Inc is a registered charity in United States, based in Little Falls, MN. It received its IRS tax-exemption ruling in January 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Clubs Thrift Store Inc reported income of $489k and spending of $460k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $409k to $489k (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2021, when income rose by 101%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Clubs Thrift Store Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within MN. Charities of a similar size with the same main cause include Uttar Pradesh Mandal of America ($489k), Inspired Hearts and Hands Inc ($489k) and Athletic Angels Foundation ($489k).

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 $48k (10% of expenses). Other salaries and wages came to $175k. At year end it held assets of $327k against liabilities of $38k, net assets of $289k. It reported 17 employees.