Tulips Thrift Store

Analysis

Tulips Thrift Store is a registered charity in United States, based in Bluffton, SC. It received its IRS tax-exemption ruling in July 2021, 5 years ago. 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, Tulips Thrift Store reported income of $194k and spending of $192k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $155k to $194k (+25%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tulips Thrift Store sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 59th percentile within SC. Charities of a similar size with the same main cause include Collins Chapel Connectional Hospital ($194k), Unita Blackwell Estates ($194k) and American Latino Veterans Association ($194k).

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 $16k against liabilities of $0, net assets of $16k.