Thrift Shop Inc

Analysis

Thrift Shop Inc is a registered charity in United States, based in Aspen, CO. It received its IRS tax-exemption ruling in April 1984, 42 years ago. 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, Thrift Shop Inc reported income of $1.0m and spending of $851k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $889k to $1.0m (+14%), an average of +3.3% a year. The sharpest change came in the year to December 2021, when income rose by 130%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Thrift Shop Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within CO. Charities of a similar size with the same main cause include Eastern Association of College & University Business Officers ($1.0m), National Foundation for Transplants Inc ($1.0m) and Northern Rockies Conservation Cooperative ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $2.7m against liabilities of $7,540, net assets of $2.7m.