Lopez Thrift Shop

Analysis

Lopez Thrift Shop is a registered charity in United States, based in Lopez Island, WA. It received its IRS tax-exemption ruling in May 2005, 21 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, Lopez Thrift Shop reported income of $108k and spending of $116k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $103k to $108k (+5.1%), an average of +5.1% a year. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lopez Thrift Shop sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 35th percentile within WA. Charities of a similar size with the same main cause include Camp Looking Glass Inc ($108k), Alexander City Meals on Wheels ($108k) and Katonah Thrift Shop Inc ($108k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $435k against liabilities of $2,321, net assets of $433k.