Hope Mission Thrift Store Inc

Analysis

Hope Mission Thrift Store Inc is a registered charity in United States, based in Morehead City, NC. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hope Mission Thrift Store Inc reported income of $592k and spending of $592k, spending 100% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $258k to $592k (+130%), an average of +32% a year. The sharpest change came in the year to December 2021, when income rose by 57%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Mission Thrift Store Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within NC. Charities of a similar size with the same main cause include The Arc of Philadelphia ($592k), Florida Independent Living Council Inc ($592k) and Desormeaux Foundation Inc ($592k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.5% and program service revenue 97% of the total. Other salaries and wages came to $297k. At year end it held assets of $162k against liabilities of $0, net assets of $162k. It reported 22 employees.