Nearly New Shop Inc

Analysis

Nearly New Shop Inc is a registered charity in United States, based in Sunnyvale, CA. It received its IRS tax-exemption ruling in July 1948, 78 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 September 2023, Nearly New Shop Inc reported income of $174k and spending of $168k, spending 96% of its income. Across the 4 years on record, from September 2020 to September 2023, income grew from $100k to $174k (+74%), an average of +20% a year. The sharpest change came in the year to September 2022, when income rose by 57%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Nearly New Shop Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 53rd percentile within CA. Charities of a similar size with the same main cause include Black Achievers Inc ($174k), Black Lives Matter 5280 ($174k) and Montana Credit Unions for Community Development ($174k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $36k. At year end it held assets of $469k against liabilities of $1,054, net assets of $468k. It reported 2 employees.