Harvest Thrift Store

About Harvest Thrift Store

Harvest Thrift Store (EIN: 208616587) is a nonprofit organization based in Sugarcreek, OH, classified under NTEE code P29. The organization reported total revenue of $1.9M and total assets of $2.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Harvest Thrift Store's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Harvest Thrift Store with a Mission Score of 95 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, Harvest Thrift Store 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.

Executive Compensation Analysis

Harvest Thrift Store reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This suggests a volunteer-led or highly lean executive structure, directing all available funds towards the organization's mission and operational expenses.

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.

Red Flags

The following concerns were identified during AI analysis of Harvest Thrift Store's IRS 990 filings:

• None identified based on provided financial data.

Strengths

The following positive indicators were identified for Harvest Thrift Store:

• Consistent and significant revenue growth (from $305,550 in 2015 to $1,569,206 in 2023).
• Strong financial health with assets ($1,476,358 in 2023) significantly exceeding liabilities ($3,309 in 2023).
• Zero officer compensation reported across all filings, indicating high efficiency and mission focus.
• Expenses consistently lower than revenue, allowing for asset accumulation and sustainability.
• Low liabilities relative to assets, demonstrating strong solvency.

Frequently Asked Questions about Harvest Thrift Store

Filing History

IRS 990 filing history for Harvest Thrift Store showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2010–2023), Harvest Thrift Store's revenue has grown by 642.2%, moving from $211K to $1.6M. Total assets increased by 1714.3% over the same period, from $81K to $1.5M. Total functional expenses rose by 781%, from $152K to $1.3M. In its most recent filing year (2023), Harvest Thrift Store reported a surplus of $228K, with revenue exceeding expenses. The organization holds $3K in liabilities against $1.5M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $1.5M.

Year-by-Year Financial Summary

• 2023: Revenue of $1.6M, expenses of $1.3M, and assets of $1.5M (revenue +17.0% year-over-year).
• 2022: Revenue of $1.3M, expenses of $1.1M, and assets of $1.2M (revenue +8.5% year-over-year).
• 2021: Revenue of $1.2M, expenses of $944K, and assets of $1.0M (revenue +23.6% year-over-year).
• 2020: Revenue of $1000K, expenses of $684K, and assets of $949K (revenue +41.3% year-over-year).
• 2019: Revenue of $707K, expenses of $576K, and assets of $682K (revenue +18.2% year-over-year).
• 2018: Revenue of $598K, expenses of $459K, and assets of $623K (revenue +15.1% year-over-year).
• 2017: Revenue of $520K, expenses of $457K, and assets of $576K (revenue +22.2% year-over-year).
• 2016: Revenue of $426K, expenses of $367K, and assets of $554K (revenue +39.3% year-over-year).
• 2015: Revenue of $306K, expenses of $246K, and assets of $416K (revenue -10.8% year-over-year).
• 2014: Revenue of $342K, expenses of $247K, and assets of $197K (revenue +17.0% year-over-year).
• 2013: Revenue of $293K, expenses of $265K, and assets of $102K (revenue +37.4% year-over-year).
• 2012: Revenue of $213K, expenses of $240K, and assets of $74K (revenue -10.8% year-over-year).
• 2011: Revenue of $239K, expenses of $203K, and assets of $117K (revenue +12.9% year-over-year).
• 2010: Revenue of $211K, expenses of $152K, and assets of $81K.

Data Sources and Methodology

This transparency report for Harvest Thrift Store 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.