196 Community Thrift Store

Analysis

196 Community Thrift Store is a registered charity in United States, based in Eagan, MN. It received its IRS tax-exemption ruling in August 2017, 9 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, 196 Community Thrift Store reported income of $139k and spending of -$165k, leaving 218% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $112k to $139k (+24%), an average of +12% a year. Over the whole period it spent 30% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, 196 Community Thrift Store sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within MN. Charities of a similar size with the same main cause include US Too Gymnastics Inc ($139k), Eastern States Exposition Foundation Inc ($139k) and Elizabethtown Thrift Shop Inc ($139k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.8% and program service revenue 98% of the total. At year end it held assets of $278k against liabilities of $0, net assets of $278k.