Basalt Thrift Store Inc
EIN: 262801937 · Basalt, CO
| Metric | Value |
|---|---|
| Total Expenses | $189K |
| Net Assets | $263K |
Is Basalt Thrift Store Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Basalt Thrift Store Inc
Basalt Thrift Store Inc (EIN: 262801937) is a nonprofit organization based in Basalt, CO. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Basalt Thrift Store Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Basalt Thrift Store Inc is a small nonprofit, with 5 years of IRS 990 filings on record (2010–2014). Revenue has grown at a compound annual rate of 9.2%.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
| Total Revenue | $202K |
| Total Expenses | $189K |
| Surplus / Deficit | +$13K |
| Total Assets | $1.1M |
| Total Liabilities | $789K |
| Net Assets | $263K |
| Operating Margin | 6.5% |
| Debt-to-Asset Ratio | 75.0% |
| Months of Reserves | 66.8 months |
Financial Health Grade: A
In 2014, Basalt Thrift Store Inc reported a surplus of $13K with revenue exceeding expenses, holds 66.8 months of operating reserves (strong position), has a debt-to-asset ratio of 75.0% (high leverage).
Financial Trends
Over 5 years of filings (2010–2014), Basalt Thrift Store Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2014 | -14.0% | +6.3% | -0.9% |
| 2013 | +27.3% | +33.1% | +25.8% |
| 2012 | +14.2% | -13.8% | +10435.0% |
| 2011 | +13.8% | +9.5% | +547.7% |
AI Analysis Pending
AI enrichment for Basalt Thrift Store Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Basalt Thrift Store Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $13K, with revenue exceeding expenses.
- Debt-to-asset ratio: 75.0%.
Frequently Asked Questions about Basalt Thrift Store Inc
Is Basalt Thrift Store Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Basalt Thrift Store Inc (EIN: 262801937) insufficient data. 0 red flags identified, 0 strengths noted.
How does Basalt Thrift Store Inc spend its money?
Detailed spending breakdown data is not yet available for Basalt Thrift Store Inc. Check back for updated IRS 990 analysis.
Are donations to Basalt Thrift Store Inc tax-deductible?
Basalt Thrift Store Inc is registered as a tax-exempt nonprofit (EIN: 262801937). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Basalt Thrift Store Inc located?
Basalt Thrift Store Inc is headquartered in Basalt, Colorado and files with the IRS under EIN 262801937.
How many years of IRS 990 filings does Basalt Thrift Store Inc have?
Basalt Thrift Store Inc has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for Basalt Thrift Store Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2010–2014), Basalt Thrift Store Inc's revenue has grown by 42.2%, moving from $142K to $202K. Total assets increased by 85000.8% over the same period, from $1K to $1.1M. Total functional expenses rose by 33.6%, from $142K to $189K. In its most recent filing year (2014), Basalt Thrift Store Inc reported a surplus of $13K, with revenue exceeding expenses. The organization holds $789K in liabilities against $1.1M in assets (debt-to-asset ratio: 75.0%), resulting in net assets of $263K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2014 | $202K | $189K | $1.1M | $789K | — | View 990 |
| 2013 | $235K | $178K | $1.1M | $894K | — | View 990 |
| 2012 | $185K | $134K | $844K | $763K | — | View 990 |
| 2011 | $162K | $155K | $8K | $0 | — | View 990 |
| 2010 | $142K | $142K | $1K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2014: Revenue of $202K, expenses of $189K, and assets of $1.1M (revenue -14.0% year-over-year).
- 2013: Revenue of $235K, expenses of $178K, and assets of $1.1M (revenue +27.3% year-over-year).
- 2012: Revenue of $185K, expenses of $134K, and assets of $844K (revenue +14.2% year-over-year).
- 2011: Revenue of $162K, expenses of $155K, and assets of $8K (revenue +13.8% year-over-year).
- 2010: Revenue of $142K, expenses of $142K, and assets of $1K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Basalt Thrift Store Inc:
Data Sources and Methodology
This transparency report for Basalt Thrift Store Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.