Caring Hearts Thriftshop

Analysis

Caring Hearts Thriftshop is a registered charity in United States, based in Webster, WI. It received its IRS tax-exemption ruling in May 2020, 6 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, Caring Hearts Thriftshop reported income of $145k and spending of $141k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $104k to $145k (+40%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Caring Hearts Thriftshop sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 45th percentile within WI. Charities of a similar size with the same main cause include Make a Home Foundation Inc ($145k), Mulvane Care & Share Center Inc ($145k) and Tam Ky Project Inc ($145k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $9,412 against liabilities of $1,133, net assets of $8,279.