Soroptimist Thrift Shop of Anacortes

Analysis

Soroptimist Thrift Shop of Anacortes is a registered charity in United States, based in Anacortes, WA. It received its IRS tax-exemption ruling in January 2023, 3 years ago. 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, Soroptimist Thrift Shop of Anacortes reported income of $423k and spending of $418k, spending 99% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $412k to $423k (+2.6%), an average of +2.6% a year. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Soroptimist Thrift Shop of Anacortes sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within WA. Charities of a similar size with the same main cause include Cache Valley Civic Ballet Association ($423k), Grace Playschool Inc ($423k) and New Hope-Crystal-Plymouth Swim Club Inc ($423k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.5% and program service revenue 99% of the total. At year end it held assets of $57k against liabilities of $0, net assets of $57k.