Love the City Thrift Store

Analysis

Love the City Thrift Store is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in January 2022, 4 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, Love the City Thrift Store reported income of $136k and spending of $149k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $191k to $136k (-29%), an average of -29% a year. The sharpest change came in the year to December 2023, when income dropped by 29%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Love the City Thrift Store sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 47th percentile within CA. Charities of a similar size with the same main cause include Et Cetera Shop ($136k), Intercounty Charitable and Educational Education ($136k) and The Motley County Senior Citizens Association Incorporated ($136k).

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 $3,738 against liabilities of $1,866, net assets of $1,872.