Is Harvest Thrift Store Legit?

Quick charity verification for Harvest Thrift Store (EIN: 208616587)

Verdict: Harvest Thrift Store appears trustworthy

95/100Mission Score
$1.9MRevenue
$2.4MAssets
1Red Flags
5Strengths

Red Flags

Strengths

AI Transparency Report

Harvest Thrift Store demonstrates consistent financial growth over the past decade, with revenue increasing from $305,550 in 2015 to $1,569,206 in 2023. The organization maintains a healthy financial position, as evidenced by its assets of $1,476,358 significantly exceeding its liabilities of $3,309 in the latest filing period (202312). This indicates strong solvency and responsible financial management. The organization appears to be highly efficient in its spending, with expenses consistently lower than revenue, allowing for asset accumulation. A key indicator of its commitment to its mission is the reported 0% officer compensation across all available filings, suggesting that resources are primarily directed towards operational costs and programs rather than executive salaries. This practice enhances its spending efficiency and transparency. Overall, Harvest Thrift Store exhibits strong financial health, efficient resource allocation, and a high degree of transparency regarding executive compensation. Its consistent growth and minimal liabilities point to a well-managed and sustainable operation, effectively utilizing its revenue to support its charitable activities.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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