Cancer Thrift Store of Beaufort

Analysis

Cancer Thrift Store of Beaufort is a registered charity in United States, based in Beaufort, SC. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Cancer Thrift Store of Beaufort reported income of $492k and spending of $181k, leaving 63% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $318k to $492k (+55%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 332%. Over the whole period it spent 46% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cancer Thrift Store of Beaufort sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 74th percentile within SC. Charities of a similar size with the same main cause include The Topeka Public Schools Foundation ($492k), Servant Leaders International Inc ($492k) and San Diego Mesa College Foundation Inc ($492k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% of the total. Compensation of current officers, directors and key employees was $16k (8.5% of expenses). At year end it held assets of $492k against liabilities of $0, net assets of $492k.