Carthage Service League Thrift Shop

Analysis

Carthage Service League Thrift Shop is a registered charity in United States, based in Carthage, TX. It received its IRS tax-exemption ruling in September 1967, 59 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 August 2024, Carthage Service League Thrift Shop reported income of $230k and spending of $175k, leaving 24% of income unspent that year. Across the 5 years on record, from August 2020 to August 2024, income grew from $121k to $230k (+91%), an average of +18% a year. The sharpest change came in the year to August 2022, when income rose by 50%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Carthage Service League Thrift Shop sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 61st percentile within TX. Charities of a similar size with the same main cause include Cincinnati Dental Societys Oral Health Foundation ($230k), Seaturtle Preservation Society Inc ($230k) and Sherman Avenue Project Area Committee Inc ($230k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 96% of the total. At year end it held assets of $868k against liabilities of $0, net assets of $868k.