Castle Thrift Store & Health Food Inc

Analysis

Castle Thrift Store & Health Food Inc is a registered charity in United States, based in Hanford, CA. It received its IRS tax-exemption ruling in May 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, Castle Thrift Store & Health Food Inc reported income of $307k and spending of $297k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $280k to $307k (+9.5%), an average of +2.3% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Castle Thrift Store & Health Food Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within CA. Charities of a similar size with the same main cause include Columbia Falls Food Bank ($307k), Bailie Memorial Youth Foundation ($307k) and Always Endure ($307k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 98% of the total. Other salaries and wages came to $147k. At year end it held assets of $31k against liabilities of $7,817, net assets of $24k. It reported 5 employees.