Highland Thrift Shop

Analysis

Highland Thrift Shop is a registered charity in United States, based in Grantsville, MD. It received its IRS tax-exemption ruling in December 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Highland Thrift Shop reported income of $209k and spending of $204k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $178k to $209k (+17%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Highland Thrift Shop sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within MD. Charities of a similar size with the same main cause include East African Integration Center ($209k), Kitsap Harvest ($209k) and Bed Start Incorporated ($208k).

Compensation of current officers, directors and key employees was $38k (19% of expenses). Other salaries and wages came to $60k. At year end it held assets of $34k against liabilities of $3,864, net assets of $30k. It reported 7 employees.