Quick charity verification for Second Blessings Thrift Shop Inc (EIN: 202705291)
Verdict: Second Blessings Thrift Shop Inc appears trustworthy
88/100Mission Score
$210KRevenue
$386KAssets
1Red Flags
5Strengths
Red Flags
Lack of detailed program spending breakdown in provided summary data, requiring full 990 review for granular analysis.
Strengths
Consistent revenue growth, increasing from $116,380 in 2014 to $163,936 in 2023.
Significant asset accumulation, growing from $40,844 in 2014 to $323,024 in 2023.
Very low to zero liabilities across all filing periods, indicating strong financial health.
0% reported officer compensation, suggesting efficient use of funds and potentially volunteer leadership.
Expenses consistently well below revenue, allowing for reinvestment and asset growth.
Spending Breakdown
How Second Blessings Thrift Shop Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Second Blessings Thrift Shop Inc
Is Second Blessings Thrift Shop Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Second Blessings Thrift Shop Inc (EIN: 202705291) appears trustworthy. Mission Score: 88/100. 1 red flag identified, 5 strengths noted.
Is Second Blessings Thrift Shop Inc a good charity to donate to?
Second Blessings Thrift Shop Inc has a Mission Score of 88/100. Revenue: $210K. Assets: $386K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Second Blessings Thrift Shop Inc?
The Employer Identification Number (EIN) for Second Blessings Thrift Shop Inc is 202705291. 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 Second Blessings Thrift Shop Inc spend its money?
Second Blessings Thrift Shop Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Second Blessings Thrift Shop Inc's tax-exempt status?
You can verify Second Blessings Thrift Shop Inc's tax-exempt status using EIN 202705291 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
Second Blessings Thrift Shop Inc demonstrates consistent financial growth and strong asset accumulation over the past decade. Revenue has steadily increased from $116,380 in 2014 to $163,936 in 2023, with a peak of $185,579 in 2022. The organization has also significantly grown its assets from $40,844 in 2014 to $323,024 in 2023, indicating effective financial management and reinvestment. Liabilities have remained very low, often at zero, which is a positive indicator of financial stability and responsible debt management.
The organization appears to be highly efficient in its spending, with expenses consistently well below revenue, allowing for asset growth. For example, in 2023, expenses were $123,082 against revenues of $163,936. A key strength is the reported 0% officer compensation across all available filings, suggesting that leadership is either volunteer-based or compensated through other means not classified as officer compensation, which can contribute to lower administrative overhead. This practice enhances the perception of donor funds directly supporting the mission.
Transparency is generally good, with consistent annual filings. The absence of officer compensation is a notable positive for transparency regarding executive pay. While specific program spending details are not provided in the summary data, the overall financial health and growth, coupled with minimal liabilities and no reported officer compensation, suggest a well-managed and financially sound operation. Further detailed analysis of the full 990 forms would be needed to ascertain the exact breakdown of program, administrative, and fundraising expenses.