Thrifty Nook

Analysis

Thrifty Nook is a registered charity in United States, based in Loogootee, IN. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Nook reported income of $143k and spending of $81k, leaving 43% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $69k to $143k (+106%), an average of +106% a year. The sharpest change came in the year to December 2023, when income rose by 106%. Over the whole period it spent 62% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Thrifty Nook sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within IN. Charities of a similar size with the same main cause include North American Lutheran Church ($143k), Faith for America ($143k) and Perkins Partnership Ministries ($143k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $82k against liabilities of $864, net assets of $81k.