Thrift Barns of Morris County

Analysis

Thrift Barns of Morris County is a registered charity in United States, based in Denville, NJ. It received its IRS tax-exemption ruling in November 2016, 10 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Thrift Barns of Morris County reported income of $325k and spending of $192k, leaving 41% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $208k to $325k (+56%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Thrift Barns of Morris County sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 69th percentile within NJ. Charities of a similar size with the same main cause include History Center of San Luis Obispo County ($325k), Indochina Sino-American Senior Citizen Center ($325k) and Society for California Archaeology ($325k).

At year end it held assets of $239k against liabilities of $0, net assets of $239k.