Thrift Shop of Fruita Inc

Analysis

Thrift Shop of Fruita Inc is a registered charity in United States, based in Fruita, CO. It received its IRS tax-exemption ruling in March 2001, 25 years ago. Its declared purposes cover unknown, which this site groups under other charitable 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, Thrift Shop of Fruita Inc reported income of $294k and spending of $352k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $195k to $294k (+51%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 75%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Thrift Shop of Fruita Inc 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 61st percentile, and in the 58th percentile within CO. Charities of a similar size with the same main cause include J127 Ministry Inc ($294k), Adhesion Society Incorporated ($295k) and Ochs Center for Metropolitan Studies ($294k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 99% of the total. Other salaries and wages came to $12k. At year end it held assets of $743k against liabilities of $234k, net assets of $509k.