Provisions Thrift Store Ministry

Analysis

Provisions Thrift Store Ministry is a registered charity in United States, based in Fredericksbrg, VA. It received its IRS tax-exemption ruling in February 2020, 6 years ago. 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, Provisions Thrift Store Ministry reported income of $297k and spending of $289k, spending 97% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $135k to $297k (+120%), an average of +48% a year. The sharpest change came in the year to December 2022, when income rose by 112%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Provisions Thrift Store Ministry sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within VA. Charities of a similar size with the same main cause include Hargrave Foundation ($297k), Prouts Neck Association ($297k) and Homeless Rescue Services Inc ($297k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 131% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $38k (13% of expenses). At year end it held assets of $117k against liabilities of $18k, net assets of $98k. It reported 26 employees.