Community Thrift Shop
Community Thrift Shop: Stable Operations, Low Overhead, and Consistent Local Impact
EIN: 221593524 · Midland Park, NJ · NTEE: P29Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $303K |
| Total Expenses | $271K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $161K |
| Transparency Score | 85/100 |
Is Community Thrift Shop Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Community Thrift Shop directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Community Thrift Shop
Community Thrift Shop (EIN: 221593524) is a nonprofit organization based in Midland Park, NJ, classified under NTEE code P29Z. The organization reported total revenue of $303K and total assets of $252K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Community Thrift Shop's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Community Thrift Shop is a small nonprofit that has been operating for 77 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 2.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $291K |
| Total Expenses | $271K |
| Surplus / Deficit | +$20K |
| Total Assets | $278K |
| Total Liabilities | $117K |
| Net Assets | $161K |
| Operating Margin | 6.7% |
| Debt-to-Asset Ratio | 42.0% |
| Months of Reserves | 12.3 months |
Financial Health Grade: A
In 2024, Community Thrift Shop reported a surplus of $20K with revenue exceeding expenses, holds 12.3 months of operating reserves (strong position), has a debt-to-asset ratio of 42.0% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2024), Community Thrift Shop's revenue has grown at a compound annual growth rate (CAGR) of 2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +9.2% | +5.3% | -6.5% |
| 2023 | +1.8% | +4.9% | -8.1% |
| 2022 | +14.4% | +17.3% | +106.1% |
| 2021 | +26.9% | -6.0% | +28.4% |
| 2020 | -29.3% | -8.7% | -26.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1949 |
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 Community Thrift Shop with a Mission Score of 85 out of 100 (Excellent). 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, Community 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $20K, with revenue exceeding expenses.
- Debt-to-asset ratio: 42.0%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, indicating a fully volunteer-led executive team, which is highly efficient for a nonprofit of this size.
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 Community Thrift Shop:
- Consistent revenue generation over several years, demonstrating stable community support.
- Very low administrative and fundraising costs, maximizing funds for programs.
- Volunteer-led executive team, eliminating compensation expenses at the top.
- Positive net assets maintained over time, indicating financial health.
- Clear and consistent financial reporting in available filings.
Frequently Asked Questions about Community Thrift Shop
Is Community Thrift Shop a legitimate charity?
Based on AI analysis of IRS 990 filings, Community Thrift Shop (EIN: 221593524) appears legitimate. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
How does Community Thrift Shop spend its money?
Community Thrift Shop directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Community Thrift Shop tax-deductible?
Community Thrift Shop is registered as a tax-exempt nonprofit (EIN: 221593524). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Community Thrift Shop CEO make?
Community Thrift Shop's highest-compensated officer earns $0 annually. The organization reported $303K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Community Thrift Shop's spending goes to programs?
Community Thrift Shop directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Community Thrift Shop compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Community 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 Community Thrift Shop located?
Community Thrift Shop is headquartered in Midland Park, New Jersey and files with the IRS under EIN 221593524. It is classified under NTEE code P29Z.
How many years of IRS 990 filings does Community Thrift Shop have?
Community Thrift Shop has 14 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 $303K in total revenue.
What does Community Thrift Shop do?
Community Thrift Shop is a nonprofit organization in the Human Services sector, located in Midland Park, New Jersey. It is classified under NTEE code P29Z.
How much revenue does Community Thrift Shop have?
Community Thrift Shop reported total revenue of $302,526. Based on 14 IRS 990 filings on record.
What are Community Thrift Shop's total assets?
Community Thrift Shop holds total assets of $252,227 as reported in IRS 990 filings.
Where is Community Thrift Shop located?
Community Thrift Shop is based in Midland Park, New Jersey.
What is Community Thrift Shop's EIN?
Community Thrift Shop's Employer Identification Number (EIN) is 221593524. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Community Thrift Shop?
Community Thrift Shop is classified under NTEE code P29Z (Human Services).
Is Community Thrift Shop a registered 501(c)(3)?
Yes, Community Thrift Shop is recognized as a tax-exempt organization by the IRS. EIN: 221593524.
Does Community Thrift Shop file IRS Form 990?
Yes, Community Thrift Shop has 14 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was Community Thrift Shop's revenue in 2024?
In the 202406 filing period, Community Thrift Shop reported total revenue of $290,719, total expenses of $271,134, and net assets of $277,996.
Is Community Thrift Shop's revenue growing or declining?
Community Thrift Shop's revenue is growing. Revenue went from $266,318 (202306) to $290,719 (202406), a +9.2% change. Based on 14 filings on record.
What is Community Thrift Shop's most recent 990 filing?
The most recent IRS Form 990 filing for Community Thrift Shop covers tax period 202406. It shows revenue of $290,719, expenses of $271,134, total assets of $277,996, and liabilities of $116,742.
How much does Community Thrift Shop spend on programs vs administration?
Based on IRS 990 analysis, Community Thrift Shop allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Community Thrift Shop a trustworthy charity?
Based on AI analysis of IRS 990 data, Community Thrift Shop appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 5 strengths noted.
What are Community Thrift Shop's strengths?
Positive indicators for Community Thrift Shop include: Consistent revenue generation over several years, demonstrating stable community support.. Very low administrative and fundraising costs, maximizing funds for programs.. Volunteer-led executive team, eliminating compensation expenses at the top.. Positive net assets maintained over time, indicating financial health.. Clear and consistent financial reporting in available filings.. These findings are derived from AI analysis of the organization's financial filings.
How does Community Thrift Shop compensate executives?
Executive compensation is reported as $0 across all available filings, indicating a fully volunteer-led executive team, which is highly efficient for a nonprofit of this size. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Community Thrift Shop?
• The organization consistently reports 0% compensation for officers, directors, trustees, and key employees, indicating a volunteer-driven leadership model. • Financial filings show a clear breakdown of revenue and expenses, with a significant portion consistently allocated to program services. • The organization's assets have remained relatively stable over the past few years, demonstrating consistent financial management. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
How does Community Thrift Shop manage to operate with 0% executive compensation, and what are the implications for its long-term sustainability?
Community Thrift Shop operates with 0% executive compensation by relying entirely on volunteer leadership, as consistently reported in its Form 990 filings. This model significantly reduces overhead, allowing more funds to be directed to its mission. While highly efficient, long-term sustainability could depend on the consistent availability and commitment of qualified volunteers to fill leadership roles.
Filing History
IRS 990 filing history for Community Thrift Shop showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Community Thrift Shop's revenue has grown by 38.2%, moving from $210K to $291K. Total assets increased by 61.8% over the same period, from $172K to $278K. Total functional expenses rose by 29.5%, from $209K to $271K. In its most recent filing year (2024), Community Thrift Shop reported a surplus of $20K, with revenue exceeding expenses. The organization holds $117K in liabilities against $278K in assets (debt-to-asset ratio: 42.0%), resulting in net assets of $161K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $291K | $271K | $278K | $117K | — | — |
| 2023 | $266K | $257K | $297K | $156K | — | View 990 |
| 2022 | $262K | $245K | $323K | $191K | — | View 990 |
| 2021 | $229K | $209K | $157K | $41K | — | View 990 |
| 2020 | $180K | $223K | $122K | $25K | — | View 990 |
| 2019 | $255K | $244K | $165K | $26K | — | View 990 |
| 2018 | $226K | $226K | $150K | $22K | — | View 990 |
| 2017 | $224K | $237K | $149K | $21K | — | View 990 |
| 2016 | $244K | $245K | $168K | $28K | — | View 990 |
| 2015 | $239K | $249K | $173K | $31K | — | View 990 |
| 2014 | $234K | $242K | $185K | $34K | — | View 990 |
| 2013 | $229K | $226K | $190K | $30K | — | View 990 |
| 2012 | $231K | $220K | $188K | $32K | — | View 990 |
| 2011 | $210K | $209K | $172K | $26K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $291K, expenses of $271K, and assets of $278K (revenue +9.2% year-over-year).
- 2023: Revenue of $266K, expenses of $257K, and assets of $297K (revenue +1.8% year-over-year).
- 2022: Revenue of $262K, expenses of $245K, and assets of $323K (revenue +14.4% year-over-year).
- 2021: Revenue of $229K, expenses of $209K, and assets of $157K (revenue +26.9% year-over-year).
- 2020: Revenue of $180K, expenses of $223K, and assets of $122K (revenue -29.3% year-over-year).
- 2019: Revenue of $255K, expenses of $244K, and assets of $165K (revenue +12.6% year-over-year).
- 2018: Revenue of $226K, expenses of $226K, and assets of $150K (revenue +1.0% year-over-year).
- 2017: Revenue of $224K, expenses of $237K, and assets of $149K (revenue -8.1% year-over-year).
- 2016: Revenue of $244K, expenses of $245K, and assets of $168K (revenue +1.8% year-over-year).
- 2015: Revenue of $239K, expenses of $249K, and assets of $173K (revenue +2.4% year-over-year).
- 2014: Revenue of $234K, expenses of $242K, and assets of $185K (revenue +2.1% year-over-year).
- 2013: Revenue of $229K, expenses of $226K, and assets of $190K (revenue -0.8% year-over-year).
- 2012: Revenue of $231K, expenses of $220K, and assets of $188K (revenue +9.7% year-over-year).
- 2011: Revenue of $210K, expenses of $209K, and assets of $172K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Community Thrift Shop:
Data Sources and Methodology
This transparency report for Community 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.