Tomahawk Community Thrift Shop

Analysis

Tomahawk Community Thrift Shop is a registered charity in United States, based in Tomahawk, WI. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Tomahawk Community Thrift Shop reported income of $165k and spending of $150k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $119k to $165k (+38%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 82% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Tomahawk Community Thrift Shop sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within WI. Charities of a similar size with the same main cause include National Sales Network Atlanta Chapter Inc ($165k), Glorious Foundation Inc ($165k) and Four County Electric Care TR Inc ($165k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 2.2% of the total. At year end it held assets of $93k against liabilities of $31k, net assets of $62k.