Guardian Angel Thrift

Analysis

Guardian Angel Thrift is a registered charity in United States, based in Fuquay Varina, NC. It received its IRS tax-exemption ruling in March 2002, 24 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, Guardian Angel Thrift reported income of $2.4m and spending of $2.4m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.4m to $2.4m (+0.8%), an average of +0.2% a year. The sharpest change came in the year to December 2021, when income rose by 32%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Guardian Angel Thrift sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within NC. Charities of a similar size with the same main cause include Operation Kids Inc ($2.4m), Pauls Place Inc ($2.4m) and Individual Empowerment Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $173k (7.1% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $1.4m against liabilities of $21k, net assets of $1.4m. It reported 66 employees.