New Bees Thrift Store

Analysis

New Bees Thrift Store is a registered charity in United States, based in Buena Vista, CO. It received its IRS tax-exemption ruling in September 2000, 26 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 Bees Thrift Store reported income of $183k and spending of $201k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $159k to $183k (+15%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 15%. Over the whole period it spent 111% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Bees Thrift Store sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 48th percentile within CO. Charities of a similar size with the same main cause include Veterans Miracle Center ($183k), Redeemed Living ($183k) and Tennessee Action Council ($183k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 71% of the total. At year end it held assets of $72k against liabilities of $0, net assets of $72k.