Cure Thrift Inc

Analysis

Cure Thrift Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 2013, 13 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, Cure Thrift Inc reported income of $646k and spending of $621k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $323k to $646k (+100%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 65%. 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, Cure Thrift Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include I Am You 360 ($646k), Congregations for Kids ($646k) and Maine Access Immigrant Network ($646k).

At year end it held assets of $263k against liabilities of $62k, net assets of $201k. It reported 21 employees.