Union Cross Thrift Store

Analysis

Union Cross Thrift Store is a registered charity in United States, based in Kernersville, NC. It received its IRS tax-exemption ruling in May 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 (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, Union Cross Thrift Store reported income of $245k and spending of $188k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $179k to $245k (+36%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Union Cross Thrift Store sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within NC. Charities of a similar size with the same main cause include Feeding People Through Plants NFP ($245k), Room to Grow ($245k) and Kingdom Servants Inc ($245k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $235k against liabilities of $0, net assets of $235k.