Lils Thrift Shop

Analysis

Lils Thrift Shop is a registered charity in United States, based in Lake Lure, NC. It received its IRS tax-exemption ruling in June 2021, 5 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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, Lils Thrift Shop reported income of $88k and spending of $96k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $79k to $88k (+12%), an average of +12% a year. Over the whole period it spent 102% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Lils Thrift Shop sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 31st percentile within NC. Charities of a similar size with the same main cause include Friends of Humane Services in Tijuana ($88k), Mountain Shadows Equine Revival ($88k) and Pa Caring for K-9s Inc ($88k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 15% of the total. At year end it held assets of $1 against liabilities of $0, net assets of $1.