Redstone Thrift Shop

Analysis

Redstone Thrift Shop is a registered charity in United States, based in Huntsville, AL. It received its IRS tax-exemption ruling in April 1986, 40 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, Redstone Thrift Shop reported income of $172k and spending of $169k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $154k to $172k (+12%), an average of +2.8% a year. The sharpest change came in the year to December 2022, when income rose by 258%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Redstone Thrift Shop sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 51st percentile within AL. Charities of a similar size with the same main cause include Bags of Love Inc ($172k), Adopt a Hurricane Family Inc ($172k) and William and Janet Strickler Nonprofit Center ($172k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% of the total. Other salaries and wages came to $36k. At year end it held assets of $126k against liabilities of $48k, net assets of $78k. It reported 4 employees.