Quick charity verification for Red Hat Thrift Store (EIN: 204476957)
Verdict: Red Hat Thrift Store appears trustworthy
92/100Mission Score
$433KRevenue
$75KAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Consistent 0% officer compensation across all filings, indicating strong financial ethics.
Operations consistently near break-even, suggesting efficient resource allocation.
Stable revenue growth over the past decade, demonstrating sustained community support.
Low liabilities relative to assets, indicating a healthy financial position.
Spending Breakdown
How Red Hat Thrift Store allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Red Hat Thrift Store
Is Red Hat Thrift Store a legitimate charity?
Based on AI analysis of IRS 990 filings, Red Hat Thrift Store (EIN: 204476957) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 4 strengths noted.
Is Red Hat Thrift Store a good charity to donate to?
Red Hat Thrift Store has a Mission Score of 92/100. Revenue: $433K. Assets: $75K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Red Hat Thrift Store?
The Employer Identification Number (EIN) for Red Hat Thrift Store is 204476957. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Red Hat Thrift Store spend its money?
Red Hat Thrift Store allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Red Hat Thrift Store's tax-exempt status?
You can verify Red Hat Thrift Store's tax-exempt status using EIN 204476957 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Red Hat Thrift Store demonstrates consistent financial operations, with revenues closely matching expenses over the past several years. For instance, in the 202406 period, revenue was $457,037 against expenses of $462,045, indicating a near break-even operation. This pattern suggests a focus on covering operational costs rather than accumulating significant surpluses. The organization's assets have shown modest growth, from $57,783 in 201506 to $84,646 in 202406, indicating stable, albeit limited, financial reserves. The consistent reporting of 0% officer compensation across all filings is a strong indicator of financial transparency and a commitment to directing funds towards the organization's mission, rather than executive salaries. This practice is particularly commendable for an organization of its size, with annual revenues consistently in the mid-hundreds of thousands.