Whitefish Thrift Haus Inc

Analysis

Whitefish Thrift Haus Inc is a registered charity in United States, based in Whitefish, MT. It received its IRS tax-exemption ruling in November 2021, 5 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2024, Whitefish Thrift Haus Inc reported income of $642k and spending of $675k, spending 105% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income grew from $461k to $642k (+39%), an average of +18% a year. The sharpest change came in the year to June 2023, when income rose by 33%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Whitefish Thrift Haus Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within MT. Charities of a similar size with the same main cause include Dulles Area Transportation Association Inc ($642k), Youth Design Center Inc ($643k) and Evergreen Business Capital Community Finance ($642k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 49% and program service revenue 50% of the total. Other salaries and wages came to $54k. At year end it held assets of $163k against liabilities of $424, net assets of $163k. It reported 1 employees.