Caring Community Thrift Stores Inc

Analysis

Caring Community Thrift Stores Inc is a registered charity in United States, based in Branson, MO. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Community Thrift Stores Inc reported income of $495k and spending of $652k, spending 132% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $270k to $495k (+84%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 95%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Caring Community Thrift Stores Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within MO. Charities of a similar size with the same main cause include United Way of Central Arkansas Inc ($495k), JCK Foundation Inc ($496k) and Douglas County Community Foundation ($495k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 102% of the total. Compensation of current officers, directors and key employees was $60k (9.2% of expenses). Other salaries and wages came to $303k. At year end it held assets of $156k against liabilities of $65k, net assets of $92k. It reported 40 employees.