American Veterans Thrift Store Inc

Analysis

American Veterans Thrift Store Inc is a registered charity in United States, based in Rehoboth BCH, DE. It received its IRS tax-exemption ruling in June 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, American Veterans Thrift Store Inc reported income of $988k and spending of $958k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $533k to $988k (+85%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 66%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, American Veterans Thrift Store Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within DE. Charities of a similar size with the same main cause include Centro de Adiestramiento Para Personas Con Impedimentos Inc ($988k), United Methodist Homes of NJ Foundation Inc ($989k) and Olive Support Services ($988k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $69k (7.2% of expenses). Other salaries and wages came to $344k. At year end it held assets of $320k against liabilities of $161k, net assets of $159k. It reported 39 employees.