Walnut Tree Thrift Shop

Analysis

Walnut Tree Thrift Shop is a registered charity in United States, based in Sedro Woolley, WA. It received its IRS tax-exemption ruling in October 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Walnut Tree Thrift Shop reported income of $135k and spending of $95k, leaving 29% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income fell from $141k to $135k (-4.7%), an average of -2.4% a year. The sharpest change came in the year to June 2024, when income dropped by 21%. Over the whole period it spent 63% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Walnut Tree Thrift Shop sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 41st percentile within WA. Charities of a similar size with the same main cause include Latin American Motorcycle Association USA Inc ($135k), Roland Crisis Closet ($135k) and Houston Double Ten Celebration Committee Inc ($135k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 70% of the total. At year end it held assets of $167k against liabilities of $765, net assets of $166k.