Central Mennonite Thrift Inc

Analysis

Central Mennonite Thrift Inc is a registered charity in United States, based in Liberal, KS. It received its IRS tax-exemption ruling in September 2018, 8 years ago. 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, Central Mennonite Thrift Inc reported income of $342k and spending of $335k, spending 98% of its income. Across the 3 years on record, from December 2020 to December 2023, income grew from $295k to $342k (+16%), an average of +7.7% a year. The sharpest change came in the year to December 2022, when income rose by 97%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Central Mennonite Thrift Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within KS. Charities of a similar size with the same main cause include League of Women Voters of New York State Education Foundation Inc ($342k), Illinois Growth Enterprises Inc ($342k) and Mt Juliet West Wilson Co Senior Citizens Service Center ($342k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $7,469 (2.2% of expenses). Other salaries and wages came to $236k. At year end it held assets of $281k against liabilities of $9,071, net assets of $272k. It reported 24 employees.