Culpeper Community Thrift Store

Analysis

Culpeper Community Thrift Store is a registered charity in United States, based in Culpeper, VA. It received its IRS tax-exemption ruling in January 2003, 23 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 June 2024, Culpeper Community Thrift Store reported income of $372k and spending of $381k, spending 102% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $385k to $372k (-3.3%), an average of -0.7% a year. The sharpest change came in the year to June 2021, when income rose by 36%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Culpeper Community Thrift Store sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within VA. Charities of a similar size with the same main cause include Bell County Senior Citizens Program Inc ($372k), Ebeauty Community ($372k) and Anson Domestic Violence Coalition Inc ($372k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $255k. At year end it held assets of $296k against liabilities of $24k, net assets of $272k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.