Gatherings Thrift

Analysis

Gatherings Thrift is a registered charity in United States, based in Atascadero, CA. It received its IRS tax-exemption ruling in July 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Gatherings Thrift reported income of $274k and spending of $300k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $199k to $274k (+38%), an average of +8.3% a year. The sharpest change came in the year to December 2021, when income rose by 23%. 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, Gatherings Thrift sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within CA. Charities of a similar size with the same main cause include Digger Foods Inc ($274k), Lifequest of Arkansas ($274k) and Adoption & Beyond Inc ($273k).

Other salaries and wages came to $147k. At year end it held assets of $133k against liabilities of $0, net assets of $133k.