Nearly New Thrift Shop of the Morse Geriatric Center

Analysis

Nearly New Thrift Shop of the Morse Geriatric Center is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in January 1987, 39 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Nearly New Thrift Shop of the Morse Geriatric Center reported income of $811k and spending of $492k, leaving 39% of income unspent that year. Across the 5 years on record, from May 2019 to May 2023, income grew from $488k to $811k (+66%), an average of +14% a year. The sharpest change came in the year to May 2021, when income rose by 50%. Over the whole period it spent 70% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Nearly New Thrift Shop of the Morse Geriatric Center sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within FL. Charities of a similar size with the same main cause include Cay Galgon Life House ($811k), Our Fortress Homes Inc ($811k) and Filomena Gardens Housing Development Fund Company Inc ($811k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $174k. At year end it held assets of $2.6m against liabilities of $1.1m, net assets of $1.6m.