Thrifty Nickel Inc

Analysis

Thrifty Nickel Inc is a registered charity in United States, based in Philadelphia, MS. It received its IRS tax-exemption ruling in May 2018, 8 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, Thrifty Nickel Inc reported income of $565k and spending of $497k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $379k to $565k (+49%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 39%. 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, Thrifty Nickel 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 72nd percentile, and in the 73rd percentile within MS. Charities of a similar size with the same main cause include Little Red House Inc ($565k), Operation Breakthrough Foundation ($565k) and Apostolic Ministerial Services ($565k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $117k. At year end it held assets of $188k against liabilities of $0, net assets of $188k. It reported 8 employees.