Asbury Thrift Store Inc

Analysis

Asbury Thrift Store Inc is a registered charity in United States, based in Madison, AL. It received its IRS tax-exemption ruling in May 2001, 25 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, Asbury Thrift Store Inc reported income of $1.3m and spending of $1.1m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $1.3m (-13%), an average of -3.3% a year. The sharpest change came in the year to December 2021, when income rose by 20%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Asbury Thrift Store Inc sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 86th percentile within AL. Charities of a similar size with the same main cause include Just 4 Kids Food Program Inc ($1.3m), Mind Share Partners ($1.3m) and Clarksville Area Urban Ministries ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. Other salaries and wages came to $604k. At year end it held assets of $3.2m against liabilities of $24k, net assets of $3.2m. It reported 44 employees.