The Clothes Less Traveled Thrift Shop Inc

Analysis

The Clothes Less Traveled Thrift Shop Inc is a registered charity in United States, based in Peachtree Cty, GA. It received its IRS tax-exemption ruling in September 1997, 29 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 Clothes Less Traveled Thrift Shop Inc reported income of $1.8m and spending of $1.8m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $1.8m (+11%), an average of +2.7% a year. The sharpest change came in the year to December 2021, when income rose by 48%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Clothes Less Traveled Thrift Shop Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within GA. Charities of a similar size with the same main cause include South Kitsap Helpline ($1.8m), The Boundless Foundation Inc ($1.8m) and Seneca County Agricultural Society Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.5% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $84k (4.8% of expenses). Other salaries and wages came to $697k. At year end it held assets of $1.3m against liabilities of $92k, net assets of $1.2m. It reported 35 employees.