New Life Thrift Store Ltd

Analysis

New Life Thrift Store Ltd is a registered charity in United States, based in Auburn, PA. It received its IRS tax-exemption ruling in February 2020, 6 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, New Life Thrift Store Ltd reported income of $122k and spending of $129k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $121k to $122k (+1.0%), an average of +1.0% a year. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Life Thrift Store Ltd sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within PA. Charities of a similar size with the same main cause include Stark County Diaper Bank ($122k), Heels to Heal Inc ($122k) and Ark of Hope Community Center Inc ($122k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $9,189 against liabilities of $43k, net assets of -$33k.