Coral Thrift Shop Inc

Analysis

Coral Thrift Shop Inc is a registered charity in United States, based in San Clemente, CA. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 May 2023, Coral Thrift Shop Inc reported income of $208k and spending of $197k, spending 95% of its income. Across the 2 years on record, from May 2022 to May 2023, income fell from $249k to $208k (-16%), an average of -16% a year. The sharpest change came in the year to May 2023, when income dropped by 16%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Coral Thrift Shop Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 57th percentile within CA. Charities of a similar size with the same main cause include Greenwich Cardinals Youth Hockey Association ($208k), Triangle Club Inc ($208k) and Dessoff Choirs Inc ($208k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 3.3% and program service revenue 97% of the total. At year end it held assets of $154k against liabilities of $2,229, net assets of $151k.