Fringe Thrift Closet

Analysis

Fringe Thrift Closet is a registered charity in United States, based in Bowling Green, OH. It received its IRS tax-exemption ruling in June 2024, 2 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, Fringe Thrift Closet reported income of $188k and spending of $179k, spending 95% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $4,162 to $188k (+4420%), an average of +256% a year. The sharpest change came in the year to December 2021, when income rose by 961%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fringe Thrift Closet sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 53rd percentile within OH. Charities of a similar size with the same main cause include Spark Community Center Inc ($188k), Sisters by Choice Inc ($188k) and 5 Steps to Five Inc ($188k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $32k against liabilities of $0, net assets of $32k.