Katonah Thrift Shop Inc

Analysis

Katonah Thrift Shop Inc is a registered charity in United States, based in Katonah, NY. It received its IRS tax-exemption ruling in February 1976, 50 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 May 2023, Katonah Thrift Shop Inc reported income of $108k and spending of $103k, spending 95% of its income. Across the 4 years on record, from May 2020 to May 2023, income grew from $98k to $108k (+11%), an average of +3.5% a year. The sharpest change came in the year to May 2022, when income rose by 44%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Katonah Thrift Shop Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within NY. Charities of a similar size with the same main cause include Urban Schoolhouse ($108k), Camp Looking Glass Inc ($108k) and The Greater Piney Grove Community Development Inc ($108k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $23k against liabilities of $1,975, net assets of $21k.