Tip Top Thrift Shop

Analysis

Tip Top Thrift Shop is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in August 1966, 60 years ago. 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, Tip Top Thrift Shop reported income of $81k and spending of $85k, spending 105% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $81k to $81k (+0.2%), an average of +0.2% a year. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tip Top Thrift Shop sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 29th percentile within NE. Charities of a similar size with the same main cause include Montana Association for the Education of Young Children ($81k), Cherry Creek School District Parent Teacher Community Council Inc ($81k) and Little League Baseball Inc ($81k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 2.2% of the total. At year end it held assets of $50k against liabilities of $0, net assets of $50k.