Atlantic Community Thrift Shop Inc

Analysis

Atlantic Community Thrift Shop Inc is a registered charity in United States, based in Selbyville, DE. It received its IRS tax-exemption ruling in May 1990, 36 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 April 2024, Atlantic Community Thrift Shop Inc reported income of $467k and spending of $424k, spending 91% of its income. Across the 5 years on record, from April 2020 to April 2024, income grew from $305k to $467k (+53%), an average of +11% a year. The sharpest change came in the year to April 2022, when income rose by 50%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Atlantic Community Thrift Shop Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 64th percentile within DE. Charities of a similar size with the same main cause include Oak Park Area Arts Council ($467k), Angel Force USA ($467k) and Danville Cancer Association ($467k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 99% of the total. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m.