Throw Back Thrift

Analysis

Throw Back Thrift is a registered charity in United States, based in Willow Grove, PA. It received its IRS tax-exemption ruling in April 2022, 4 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, Throw Back Thrift reported income of $130k and spending of $138k, spending 106% of what it took in. Across the 6 years on record, from December 2016 to December 2023, income grew from $71k to $130k (+84%), an average of +13% a year. The sharpest change came in the year to December 2019, when income rose by 87%. 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, Throw Back Thrift sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 41st percentile within PA. Charities of a similar size with the same main cause include Santas Volunteers ($130k), 1040 Visions ($130k) and New Market Foundation ($130k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $29k (21% of expenses). Other salaries and wages came to $24k. At year end it held assets of $46k against liabilities of $20k, net assets of $26k. It reported 3 employees.