Lake County Missions Thrift Store Inc

Analysis

Lake County Missions Thrift Store Inc is a registered charity in United States, based in Eustis, FL. It received its IRS tax-exemption ruling in August 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lake County Missions Thrift Store Inc reported income of $591k and spending of $603k, spending 102% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $464k to $591k (+27%), an average of +8.4% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lake County Missions Thrift Store Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within FL. Charities of a similar size with the same main cause include Ability Partners Foundation ($591k), Noahs Ark Angel Foundation ($591k) and Cadre Inc ($591k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $62k (10% of expenses). Other salaries and wages came to $290k. At year end it held assets of $219k against liabilities of $3,049, net assets of $216k. It reported 12 employees.