Troost Thrift Store Inc

Analysis

Troost Thrift Store Inc is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in May 2023, 3 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, Troost Thrift Store Inc reported income of $416k and spending of $393k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $330k to $416k (+26%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Troost Thrift Store Inc 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 67th percentile, and in the 65th percentile within MO. Charities of a similar size with the same main cause include Faces and Voices of Recovery Tri-County Inc ($416k), C&c Advocacy Inc ($416k) and Olin Day Care Inc ($416k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $9,434 (2.4% of expenses). Other salaries and wages came to $153k. At year end it held assets of $241k against liabilities of $0, net assets of $241k. It reported 19 employees.