The Friendly Thrift Shop Inc

Analysis

The Friendly Thrift Shop Inc is a registered charity in United States, based in Poolesville, MD. It received its IRS tax-exemption ruling in November 1998, 28 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, The Friendly Thrift Shop Inc reported income of $168k and spending of $168k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $142k to $168k (+18%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Friendly Thrift Shop Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within MD. Charities of a similar size with the same main cause include Fostering Life-Changing Opportunities ($168k), Pateros Treehouse Early Education Organization ($168k) and Joyguru Humanitarian Services Inc ($168k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 1.9% of the total. At year end it held assets of $73k against liabilities of $1,307, net assets of $72k.