Faith Mission Thrift Store

Analysis

Faith Mission Thrift Store is a registered charity in United States, based in Coggon, IA. It received its IRS tax-exemption ruling in February 2019, 7 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, Faith Mission Thrift Store reported income of $77k and spending of $67k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $67k to $77k (+15%), an average of +14% a year. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Faith Mission Thrift Store sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 28th percentile within IA. Charities of a similar size with the same main cause include Hawaii Mainland Chinese Overseas Association Inc ($77k), Chatham Area Silent Pantry Inc ($77k) and Pauls Perseverance Intercession Ministries ($77k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $44k against liabilities of $0, net assets of $44k.