Blues City Thrift Stores
EIN: 270407296 · Memphis, TN
| Metric | Value |
|---|---|
| Total Revenue | $669K |
| Total Expenses | $618K |
| Net Assets | $155K |
Is Blues City Thrift Stores Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Blues City Thrift Stores
Blues City Thrift Stores (EIN: 270407296) is a nonprofit organization based in Memphis, TN. The organization reported total revenue of $669K and total assets of $225K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Blues City Thrift Stores's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Blues City Thrift Stores is a small nonprofit that has been operating for 16 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 28.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $604K |
| Total Expenses | $618K |
| Surplus / Deficit | $-14,621 |
| Total Assets | $221K |
| Total Liabilities | $66K |
| Net Assets | $155K |
| Operating Margin | -2.4% |
| Debt-to-Asset Ratio | 30.0% |
| Months of Reserves | 4.3 months |
Financial Health Grade: B
In 2023, Blues City Thrift Stores reported a deficit of $15K with expenses exceeding revenue, holds 4.3 months of operating reserves (adequate), has a debt-to-asset ratio of 30.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Blues City Thrift Stores's revenue has grown at a compound annual growth rate (CAGR) of 28.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +20.7% | +28.5% | -6.9% |
| 2022 | +11.6% | +28.8% | +8.6% |
| 2021 | +13.5% | +10.1% | +51.3% |
| 2020 | +15.1% | +1.0% | +132.4% |
| 2019 | +10.3% | +7.1% | +1.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Blues City Thrift Stores 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 Blues City Thrift Stores 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $15K, with expenses exceeding revenue.
- Debt-to-asset ratio: 30.0%.
Frequently Asked Questions about Blues City Thrift Stores
Is Blues City Thrift Stores a legitimate charity?
Blues City Thrift Stores (EIN: 270407296) is a registered tax-exempt nonprofit based in Tennessee. It has 13 years of IRS 990 filings on record. Total revenue: $669K. No red flags identified. Financial health grade: B.
How does Blues City Thrift Stores spend its money?
Blues City Thrift Stores reported $669K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Blues City Thrift Stores tax-deductible?
Blues City Thrift Stores is registered as a tax-exempt nonprofit (EIN: 270407296). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Blues City Thrift Stores located?
Blues City Thrift Stores is headquartered in Memphis, Tennessee and files with the IRS under EIN 270407296.
How many years of IRS 990 filings does Blues City Thrift Stores have?
Blues City Thrift Stores 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 $669K in total revenue.
Filing History
IRS 990 filing history for Blues City Thrift Stores showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Blues City Thrift Stores's revenue has grown by 1988.1%, moving from $29K to $604K. Total assets increased by 1089.2% over the same period, from $19K to $221K. Total functional expenses rose by 1439.1%, from $40K to $618K. In its most recent filing year (2023), Blues City Thrift Stores reported a deficit of $15K, with expenses exceeding revenue. The organization holds $66K in liabilities against $221K in assets (debt-to-asset ratio: 30.0%), resulting in net assets of $155K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $604K | $618K | $221K | $66K | — | View 990 |
| 2022 | $500K | $481K | $238K | $68K | — | — |
| 2021 | $448K | $374K | $219K | $68K | — | View 990 |
| 2020 | $394K | $339K | $145K | $68K | — | — |
| 2019 | $343K | $336K | $62K | $40K | — | View 990 |
| 2018 | $310K | $314K | $61K | $46K | — | View 990 |
| 2017 | $275K | $278K | $75K | $56K | — | View 990 |
| 2016 | $280K | $253K | $102K | $81K | — | View 990 |
| 2015 | $296K | $266K | $75K | $81K | — | View 990 |
| 2014 | $301K | $286K | $73K | $109K | — | View 990 |
| 2013 | $245K | $310K | $66K | $117K | — | View 990 |
| 2012 | $17K | $20K | $35K | $21K | — | View 990 |
| 2011 | $29K | $40K | $19K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $604K, expenses of $618K, and assets of $221K (revenue +20.7% year-over-year).
- 2022: Revenue of $500K, expenses of $481K, and assets of $238K (revenue +11.6% year-over-year).
- 2021: Revenue of $448K, expenses of $374K, and assets of $219K (revenue +13.5% year-over-year).
- 2020: Revenue of $394K, expenses of $339K, and assets of $145K (revenue +15.1% year-over-year).
- 2019: Revenue of $343K, expenses of $336K, and assets of $62K (revenue +10.3% year-over-year).
- 2018: Revenue of $310K, expenses of $314K, and assets of $61K (revenue +12.7% year-over-year).
- 2017: Revenue of $275K, expenses of $278K, and assets of $75K (revenue -1.5% year-over-year).
- 2016: Revenue of $280K, expenses of $253K, and assets of $102K (revenue -5.5% year-over-year).
- 2015: Revenue of $296K, expenses of $266K, and assets of $75K (revenue -1.7% year-over-year).
- 2014: Revenue of $301K, expenses of $286K, and assets of $73K (revenue +22.7% year-over-year).
- 2013: Revenue of $245K, expenses of $310K, and assets of $66K (revenue +1318.5% year-over-year).
- 2012: Revenue of $17K, expenses of $20K, and assets of $35K (revenue -40.2% year-over-year).
- 2011: Revenue of $29K, expenses of $40K, and assets of $19K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Blues City Thrift Stores:
Data Sources and Methodology
This transparency report for Blues City Thrift Stores 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.