Economy Shop Inc

Analysis

Economy Shop Inc is a registered charity in United States, based in Claremont, CA. It received its IRS tax-exemption ruling in July 1960, 66 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Economy Shop Inc reported income of $97k and spending of $61k, leaving 36% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $82k to $97k (+18%), an average of +18% a year. The sharpest change came in the year to June 2024, when income rose by 18%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Economy Shop 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 36th percentile, and in the 38th percentile within CA. Charities of a similar size with the same main cause include Solano Community College Scholarship Foundation Fund ($96k), Tep 4610 ($97k) and Mount Hope Incorporated ($96k).

On its Form 990-EZ for the period ending June 2024, revenue came from program service revenue 99% of the total. At year end it held assets of $75k against liabilities of $0, net assets of $75k.