Castaways Thrift Co

Analysis

Castaways Thrift Co is a registered charity in United States, based in Stokesdale, NC. It received its IRS tax-exemption ruling in September 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 July 2023, Castaways Thrift Co reported income of $232k and spending of $245k, spending 106% of what it took in. Across the 2 years on record, from July 2022 to July 2023, income grew from $203k to $232k (+14%), an average of +14% a year. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Castaways Thrift Co sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within NC. Charities of a similar size with the same main cause include Cashmere Food Bank ($232k), Senior Friends Inc ($232k) and Hospice Ministries Inc ($232k).

Compensation of current officers, directors and key employees was $31k (12% of expenses). Other salaries and wages came to $66k. At year end it held assets of $16k against liabilities of $0, net assets of $16k. It reported 12 employees.