Thrifty & Nifty Inc

Analysis

Thrifty & Nifty Inc is a registered charity in United States, based in Tupper Lake, NY. It received its IRS tax-exemption ruling in September 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Thrifty & Nifty Inc reported income of $114k and spending of $92k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $100k to $114k (+14%), an average of +14% a year. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Thrifty & Nifty Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within NY. Charities of a similar size with the same main cause include Upside of Downs ($114k), Special Liberty Project Inc ($114k) and Unlocked Inc ($114k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $42k against liabilities of $1,461, net assets of $40k.