Quaker Thrift Store Inc

Analysis

Quaker Thrift Store Inc is a registered charity in United States, based in Midlothian, VA. It received its IRS tax-exemption ruling in November 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2020, Quaker Thrift Store Inc reported income of $222k and spending of $188k, spending 85% of its income. Across the 2 years on record, from December 2019 to December 2020, income grew from $207k to $222k (+7.4%), an average of +7.4% a year. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Quaker Thrift Store Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within VA. Charities of a similar size with the same main cause include Texas Association of Local Wic Directors ($222k), Cannedwater4kids Inc ($222k) and Back Porch Thrift Shop ($222k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 15% of the total. Compensation of current officers, directors and key employees was $29k (15% of expenses). Other salaries and wages came to $65k. At year end it held assets of $56k against liabilities of $0, net assets of $56k. It reported 10 employees.