Overflow Thrift Store Inc

Analysis

Overflow Thrift Store Inc is a registered charity in United States, based in Ames, IA. It received its IRS tax-exemption ruling in July 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, Overflow Thrift Store Inc reported income of $1.2m and spending of $1.1m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $554k to $1.2m (+112%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 53%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Overflow Thrift Store Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within IA. Charities of a similar size with the same main cause include Mason County Fair Inc ($1.2m), KC Digital Drive ($1.2m) and Sunday Friends Foundation ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.5% and program service revenue 96% of the total. Other salaries and wages came to $434k. At year end it held assets of $576k against liabilities of $239k, net assets of $336k. It reported 27 employees.