Roots Thrift Store Inc

Analysis

Roots Thrift Store Inc is a registered charity in United States, based in Ellijay, GA. It received its IRS tax-exemption ruling in May 2023, 3 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, Roots Thrift Store Inc reported income of $267k and spending of $256k, spending 96% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $126k to $267k (+112%), an average of +46% a year. The sharpest change came in the year to June 2023, when income rose by 91%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Roots Thrift Store Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 63rd percentile within GA. Charities of a similar size with the same main cause include Macedonia Family Resource Center Inc ($267k), Ginn Foundation ($267k) and Healing Broken Circles Inc ($267k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $44k. At year end it held assets of $95k against liabilities of $2,494, net assets of $93k. It reported 2 employees.