The Mustard Seed Thrift on Mission Inc

Analysis

The Mustard Seed Thrift on Mission Inc is a registered charity in United States, based in Floyds Knobs, IN. It received its IRS tax-exemption ruling in April 2016, 10 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, The Mustard Seed Thrift on Mission Inc reported income of $1.8m and spending of $1.4m, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $963k to $1.8m (+85%), an average of +17% a year. The sharpest change came in the year to December 2020, when income rose by 20%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Mustard Seed Thrift on Mission Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within IN. Charities of a similar size with the same main cause include The Center for Computer Assisted Legal Instruction ($1.8m), One Fifty Parker Street School ($1.8m) and Ridgefield Christian School Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% of the total. Compensation of current officers, directors and key employees was $258k (18% of expenses). Other salaries and wages came to $576k. At year end it held assets of $1.9m against liabilities of $554k, net assets of $1.4m. It reported 72 employees.