Thriftology Inc

Analysis

Thriftology Inc is a registered charity in United States, based in Fredericksbrg, OH. 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Thriftology Inc reported income of $3.3m and spending of $2.8m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $523k to $3.3m (+534%), an average of +59% a year. The sharpest change came in the year to December 2021, when income rose by 83%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Thriftology Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within OH. Charities of a similar size with the same main cause include Mankato Youth Place Inc ($3.3m), Project Patch ($3.3m) and Britten School ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $1.5m against liabilities of $55k, net assets of $1.5m. It reported 96 employees.