Quick charity verification for Thrift Alliance (EIN: 201578635)
Verdict: Thrift Alliance appears trustworthy
95/100Mission Score
$9.8MRevenue
$5.9MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue growth, from $1.3M in 2014 to over $3M in 2023.
Zero officer compensation reported across all 12 filings.
Positive net income in recent years, indicating sound financial management.
Growing asset base, from $154,392 in 2014 to $829,029 in 2023.
Strong program focus implied by 0% officer compensation and efficient spending.
Spending Breakdown
How Thrift Alliance allocates its funds across programs, administration, and fundraising.
96%
Program Spending
Healthy — majority goes to mission
4%
Admin Costs
Reasonable — admin costs in check
0%
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 Thrift Alliance
Is Thrift Alliance a legitimate charity?
Based on AI analysis of IRS 990 filings, Thrift Alliance (EIN: 201578635) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Thrift Alliance a good charity to donate to?
Thrift Alliance has a Mission Score of 95/100. Revenue: $9.8M. Assets: $5.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Thrift Alliance?
The Employer Identification Number (EIN) for Thrift Alliance is 201578635. 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 Thrift Alliance spend its money?
Thrift Alliance allocates 96% to programs, 4% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Thrift Alliance's tax-exempt status?
You can verify Thrift Alliance's tax-exempt status using EIN 201578635 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
Thrift Alliance demonstrates consistent growth in revenue and assets over the past several years, with its latest reported revenue at $3,095,086 and assets at $829,029 for the period ending 202306. The organization has consistently maintained a positive net income in recent years, indicating sound financial management. A notable strength is the reported 0% officer compensation across all available filings, which suggests a strong commitment to directing funds towards its mission rather than executive salaries. The organization's liabilities have fluctuated but appear manageable relative to its growing asset base. Overall, Thrift Alliance appears to be in a healthy financial position with a clear focus on its programmatic activities.