Transformations Thrift Store

Analysis

Transformations Thrift Store is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in October 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Transformations Thrift Store reported income of $90k and spending of $92k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $95k to $90k (-5.0%), an average of -5.0% 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, Transformations Thrift Store sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 32nd percentile within NE. Charities of a similar size with the same main cause include Bishop Joseph Ministries International ($90k), Trinity Foundation Inc ($90k) and Orchard Place Housing Corporation ($90k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 20% of the total. At year end it held assets of $2,530 against liabilities of $2,406, net assets of $124.