Blue Mitten Thrift Shop
Blue Mitten Thrift Shop: Consistent Revenue, Lean Operations
EIN: 222509176 · Westerly, RI · NTEE: P29Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $177K |
| Total Expenses | $151K |
| Program Spending | 85% |
| Net Assets | $58K |
| Transparency Score | 75/100 |
Is Blue Mitten Thrift Shop Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Blue Mitten Thrift Shop directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Blue Mitten Thrift Shop
Blue Mitten Thrift Shop (EIN: 222509176) is a nonprofit organization based in Westerly, RI, classified under NTEE code P29Z. The organization reported total revenue of $177K and total assets of $55K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Blue Mitten Thrift Shop's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Blue Mitten Thrift Shop is a small nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $142K |
| Total Expenses | $151K |
| Surplus / Deficit | $-8,858 |
| Total Assets | $60K |
| Total Liabilities | $1K |
| Net Assets | $58K |
| Operating Margin | -6.2% |
| Debt-to-Asset Ratio | 1.8% |
| Months of Reserves | 4.7 months |
Financial Health Grade: B
In 2023, Blue Mitten Thrift Shop reported a deficit of $9K with expenses exceeding revenue, holds 4.7 months of operating reserves (adequate), has a debt-to-asset ratio of 1.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Blue Mitten Thrift Shop's revenue has grown at a compound annual growth rate (CAGR) of 3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.0% | +7.1% | -13.2% |
| 2022 | -3.3% | -4.8% | +16.0% |
| 2021 | +34.5% | +27.5% | +33.2% |
| 2020 | +0.1% | -3.7% | +13.9% |
| 2019 | -10.4% | +4.8% | +0.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Blue Mitten Thrift Shop with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Blue Mitten Thrift Shop allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $9K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.8%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, but given the organization's size and revenue, it is likely minimal or volunteer-based, as indicated by the 'c0%' in filings.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Blue Mitten Thrift Shop:
- Consistent revenue generation over several years, demonstrating stable operations.
- Low administrative and fundraising costs, indicating efficient use of funds.
- Positive asset growth from $17,620 in 2017 to $55,486 in 2023, strengthening financial position.
- Minimal liabilities, suggesting sound financial management and low debt burden.
Frequently Asked Questions about Blue Mitten Thrift Shop
Is Blue Mitten Thrift Shop a legitimate charity?
Blue Mitten Thrift Shop (EIN: 222509176) is a registered tax-exempt nonprofit based in Rhode Island. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $177K. No red flags identified. 4 strengths noted. Financial health grade: B.
How does Blue Mitten Thrift Shop spend its money?
Blue Mitten Thrift Shop directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Blue Mitten Thrift Shop tax-deductible?
Blue Mitten Thrift Shop is registered as a tax-exempt nonprofit (EIN: 222509176). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Blue Mitten Thrift Shop's spending goes to programs?
Blue Mitten Thrift Shop directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Blue Mitten Thrift Shop compare to similar nonprofits?
With a transparency score of 75/100 (Good), Blue Mitten Thrift Shop is above average for NTEE category P29Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Blue Mitten Thrift Shop located?
Blue Mitten Thrift Shop is headquartered in Westerly, Rhode Island and files with the IRS under EIN 222509176. It is classified under NTEE code P29Z.
How many years of IRS 990 filings does Blue Mitten Thrift Shop have?
Blue Mitten Thrift Shop has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $177K in total revenue.
What does Blue Mitten Thrift Shop do?
Blue Mitten Thrift Shop is a nonprofit organization in the Human Services sector, located in Westerly, Rhode Island. It is classified under NTEE code P29Z.
How much revenue does Blue Mitten Thrift Shop have?
Blue Mitten Thrift Shop reported total revenue of $177,184. Based on 13 IRS 990 filings on record.
What are Blue Mitten Thrift Shop's total assets?
Blue Mitten Thrift Shop holds total assets of $55,486 as reported in IRS 990 filings.
Where is Blue Mitten Thrift Shop located?
Blue Mitten Thrift Shop is based in Westerly, Rhode Island.
What is Blue Mitten Thrift Shop's EIN?
Blue Mitten Thrift Shop's Employer Identification Number (EIN) is 222509176. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Blue Mitten Thrift Shop?
Blue Mitten Thrift Shop is classified under NTEE code P29Z (Human Services).
Is Blue Mitten Thrift Shop a registered 501(c)(3)?
Yes, Blue Mitten Thrift Shop is recognized as a tax-exempt organization by the IRS. EIN: 222509176.
Does Blue Mitten Thrift Shop file IRS Form 990?
Yes, Blue Mitten Thrift Shop has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Blue Mitten Thrift Shop's revenue in 2023?
In the 202312 filing period, Blue Mitten Thrift Shop reported total revenue of $142,105, total expenses of $150,963, and net assets of $59,537.
Is Blue Mitten Thrift Shop's revenue growing or declining?
Blue Mitten Thrift Shop's revenue is declining. Revenue went from $157,855 (202212) to $142,105 (202312), a -10.0% change. Based on 13 filings on record.
What is Blue Mitten Thrift Shop's most recent 990 filing?
The most recent IRS Form 990 filing for Blue Mitten Thrift Shop covers tax period 202312. It shows revenue of $142,105, expenses of $150,963, total assets of $59,537, and liabilities of $1,060.
How much does Blue Mitten Thrift Shop spend on programs vs administration?
Based on IRS 990 analysis, Blue Mitten Thrift Shop allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Blue Mitten Thrift Shop a trustworthy charity?
Based on AI analysis of IRS 990 data, Blue Mitten Thrift Shop appears trustworthy. Mission Score: 75/100 (Good). No red flags identified. 4 strengths noted.
What are Blue Mitten Thrift Shop's strengths?
Positive indicators for Blue Mitten Thrift Shop include: Consistent revenue generation over several years, demonstrating stable operations.. Low administrative and fundraising costs, indicating efficient use of funds.. Positive asset growth from $17,620 in 2017 to $55,486 in 2023, strengthening financial position.. Minimal liabilities, suggesting sound financial management and low debt burden.. These findings are derived from AI analysis of the organization's financial filings.
How does Blue Mitten Thrift Shop compensate executives?
Executive compensation is not explicitly detailed in the provided data, but given the organization's size and revenue, it is likely minimal or volunteer-based, as indicated by the 'c0%' in filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does Blue Mitten Thrift Shop maintain such low fundraising costs despite consistent revenue?
The consistent revenue and low fundraising costs suggest a strong reliance on community donations, volunteer efforts, and word-of-mouth, rather than expensive fundraising campaigns. This model is typical for local thrift shops with established community ties.
What is the significance of the 'c0%' reported in all financial filings?
The 'c0%' likely refers to lobbying costs, indicating that Blue Mitten Thrift Shop does not engage in political lobbying activities. This aligns with its mission as a local thrift shop focused on direct community service rather than policy advocacy.
Filing History
IRS 990 filing history for Blue Mitten Thrift Shop showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Blue Mitten Thrift Shop's revenue has grown by 52.9%, moving from $93K to $142K. Total assets increased by 177.5% over the same period, from $21K to $60K. Total functional expenses rose by 68.3%, from $90K to $151K. In its most recent filing year (2023), Blue Mitten Thrift Shop reported a deficit of $9K, with expenses exceeding revenue. The organization holds $1K in liabilities against $60K in assets (debt-to-asset ratio: 1.8%), resulting in net assets of $58K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $142K | $151K | $60K | $1K | — | — |
| 2022 | $158K | $141K | $69K | $1K | — | View 990 |
| 2021 | $163K | $148K | $59K | $1K | — | View 990 |
| 2020 | $121K | $116K | $44K | $2K | — | — |
| 2019 | $121K | $121K | $39K | $2K | — | View 990 |
| 2018 | $135K | $115K | $39K | $2K | — | View 990 |
| 2017 | $108K | $106K | $18K | $1K | — | View 990 |
| 2016 | $90K | $93K | $17K | $3K | — | View 990 |
| 2015 | $70K | $69K | $17K | $0 | — | View 990 |
| 2014 | $72K | $77K | $15K | $0 | — | View 990 |
| 2013 | $83K | $85K | $20K | $0 | — | View 990 |
| 2012 | $89K | $87K | $23K | $0 | — | View 990 |
| 2011 | $93K | $90K | $21K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $142K, expenses of $151K, and assets of $60K (revenue -10.0% year-over-year).
- 2022: Revenue of $158K, expenses of $141K, and assets of $69K (revenue -3.3% year-over-year).
- 2021: Revenue of $163K, expenses of $148K, and assets of $59K (revenue +34.5% year-over-year).
- 2020: Revenue of $121K, expenses of $116K, and assets of $44K (revenue +0.1% year-over-year).
- 2019: Revenue of $121K, expenses of $121K, and assets of $39K (revenue -10.4% year-over-year).
- 2018: Revenue of $135K, expenses of $115K, and assets of $39K (revenue +25.0% year-over-year).
- 2017: Revenue of $108K, expenses of $106K, and assets of $18K (revenue +20.2% year-over-year).
- 2016: Revenue of $90K, expenses of $93K, and assets of $17K (revenue +28.0% year-over-year).
- 2015: Revenue of $70K, expenses of $69K, and assets of $17K (revenue -1.7% year-over-year).
- 2014: Revenue of $72K, expenses of $77K, and assets of $15K (revenue -13.3% year-over-year).
- 2013: Revenue of $83K, expenses of $85K, and assets of $20K (revenue -6.9% year-over-year).
- 2012: Revenue of $89K, expenses of $87K, and assets of $23K (revenue -4.5% year-over-year).
- 2011: Revenue of $93K, expenses of $90K, and assets of $21K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Blue Mitten Thrift Shop:
Data Sources and Methodology
This transparency report for Blue Mitten Thrift Shop 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.