Silver Creek Thrift Inc

Analysis

Silver Creek Thrift Inc is a registered charity in United States, based in Marquette, MI. 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, Silver Creek Thrift Inc reported income of $141k and spending of $140k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $142k to $141k (-0.7%), an average of -0.7% a year. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Silver Creek Thrift Inc sits at the 41st percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 45th percentile within MI. Charities of a similar size with the same main cause include Designed2connect ($141k), Cjhealing Arts ($141k) and Pink Up the Pace Inc ($141k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 4.5% of the total. At year end it held assets of $40k against liabilities of $4,277, net assets of $36k.