Good Neighbors Thrift Shop Inc

Analysis

Good Neighbors Thrift Shop Inc is a registered charity in United States, based in Lenoir City, TN. It received its IRS tax-exemption ruling in January 2003, 23 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, Good Neighbors Thrift Shop Inc reported income of $1.1m and spending of $970k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $985k to $1.1m (+11%), an average of +2.5% a year. The sharpest change came in the year to December 2021, when income rose by 16%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Good Neighbors Thrift Shop Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within TN. Charities of a similar size with the same main cause include Good Stewards Inc ($1.1m), Faith Child Care Inc ($1.1m) and Childrens Connections Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $1.6m against liabilities of $198k, net assets of $1.4m.