Housing Works Thrift Shop Inc
Housing Works Thrift Shop Inc. consistently reports zero officer compensation amidst fluctuating but generally stable revenues.
EIN: 133676157 · Brooklyn, NY · NTEE: P29Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $30.5M |
| Total Expenses | $13.1M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $15 |
| Net Assets | $15.6M |
| Transparency Score | 90/100 |
Is Housing Works Thrift Shop Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Housing Works Thrift Shop Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Housing Works Thrift Shop Inc
Housing Works Thrift Shop Inc (EIN: 133676157) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code P29Z. The organization reported total revenue of $30.5M and total assets of $31.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Housing Works Thrift Shop Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Housing Works Thrift Shop Inc is a large nonprofit that has been operating for 34 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $15.8M |
| Total Expenses | $13.1M |
| Surplus / Deficit | +$2.7M |
| Total Assets | $27.7M |
| Total Liabilities | $12.0M |
| Net Assets | $15.6M |
| Operating Margin | 16.9% |
| Debt-to-Asset Ratio | 43.6% |
| Months of Reserves | 25.3 months |
Financial Health Grade: A
In 2023, Housing Works Thrift Shop Inc reported a surplus of $2.7M with revenue exceeding expenses, holds 25.3 months of operating reserves (strong position), has a debt-to-asset ratio of 43.6% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Housing Works Thrift Shop Inc's revenue has declined at a compound annual growth rate (CAGR) of -4.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.4% | +10.3% | -0.4% |
| 2022 | +43.4% | +12.0% | +11.5% |
| 2021 | -5.1% | -15.7% | +98.2% |
| 2020 | -34.7% | -9.8% | -14.6% |
| 2019 | -2.1% | -5.4% | +15.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
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 Housing Works Thrift Shop Inc with a Mission Score of 90 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, Housing Works Thrift Shop Inc 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 surplus of $2.7M, with revenue exceeding expenses.
- Debt-to-asset ratio: 43.6%.
Executive Compensation Analysis
Housing Works Thrift Shop Inc. consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly commendable for a nonprofit of its size with revenues reaching over $15 million annually.
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 Housing Works Thrift Shop Inc's IRS 990 filings:
- Lack of detailed functional expense breakdown in public filings, making precise program efficiency analysis difficult.
Strengths
The following positive indicators were identified for Housing Works Thrift Shop Inc:
- Consistent 0% officer compensation, indicating strong commitment to mission.
- Significant growth in assets from $12,565,738 in 2020 to $27,652,458 in 2023.
- Positive revenue recovery trend from $9,982,501 in 2021 to $15,809,219 in 2023.
- Stable financial history with consistent revenue generation over a decade.
Frequently Asked Questions about Housing Works Thrift Shop Inc
Is Housing Works Thrift Shop Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Housing Works Thrift Shop Inc (EIN: 133676157) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Housing Works Thrift Shop Inc spend its money?
Housing Works Thrift Shop Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Housing Works Thrift Shop Inc tax-deductible?
Housing Works Thrift Shop Inc is registered as a tax-exempt nonprofit (EIN: 133676157). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Housing Works Thrift Shop Inc CEO make?
Housing Works Thrift Shop Inc's highest-compensated officer earns $15 annually. The organization reported $30.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Housing Works Thrift Shop Inc's spending goes to programs?
Housing Works Thrift Shop Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Housing Works Thrift Shop Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Housing Works Thrift Shop Inc 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 Housing Works Thrift Shop Inc located?
Housing Works Thrift Shop Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 133676157. It is classified under NTEE code P29Z.
How many years of IRS 990 filings does Housing Works Thrift Shop Inc have?
Housing Works Thrift Shop Inc 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 $30.5M in total revenue.
Is Housing Works Thrift Shop Inc. a good charity?
Based on the available IRS 990 data, Housing Works Thrift Shop Inc. appears to be a good charity. It consistently reports zero officer compensation, indicating a strong commitment to directing funds to its mission. Its revenue has shown growth, and assets have significantly increased, suggesting financial health. However, without detailed functional expense breakdowns, a precise assessment of program efficiency is challenging.
How has Housing Works Thrift Shop Inc.'s revenue trended over the last five years?
Housing Works Thrift Shop Inc.'s revenue has fluctuated over the last five years. It saw a dip to $9,982,501 in 2021 from $16,124,546 in 2019, but has since recovered, reaching $15,809,219 in 2023.
What is the organization's approach to executive compensation?
The organization's approach to executive compensation is highly transparent and mission-focused, as it consistently reports 0% officer compensation in all available IRS 990 filings. This means no salaries are paid to its officers.
What caused the significant increase in assets from 2020 to 2023?
The IRS 990 data shows a significant increase in assets from $12,565,738 in 2020 to $27,652,458 in 2023. This was accompanied by a rise in liabilities from $1,483,520 to $12,047,336 in the same period. While the filings don't specify the exact cause, this could indicate investments in new facilities, expansion of operations, or changes in financial instruments, potentially financed by increased debt.
Filing History
IRS 990 filing history for Housing Works Thrift Shop Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Housing Works Thrift Shop Inc's revenue has declined by 45%, moving from $28.7M to $15.8M. Total assets increased by 182.8% over the same period, from $9.8M to $27.7M. Total functional expenses fell by 51.5%, from $27.1M to $13.1M. In its most recent filing year (2023), Housing Works Thrift Shop Inc reported a surplus of $2.7M, with revenue exceeding expenses. The organization holds $12.0M in liabilities against $27.7M in assets (debt-to-asset ratio: 43.6%), resulting in net assets of $15.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $15.8M | $13.1M | $27.7M | $12.0M | — | — |
| 2022 | $14.3M | $11.9M | $27.8M | $14.8M | — | View 990 |
| 2021 | $10.0M | $10.6M | $24.9M | $14.4M | — | View 990 |
| 2020 | $10.5M | $12.6M | $12.6M | $1.5M | — | View 990 |
| 2019 | $16.1M | $14.0M | $14.7M | $1.6M | — | View 990 |
| 2018 | $16.5M | $14.8M | $12.7M | $1.7M | — | View 990 |
| 2017 | $18.1M | $18.0M | $10.8M | $1.4M | — | View 990 |
| 2016 | $17.9M | $17.9M | $10.6M | $1.3M | — | View 990 |
| 2015 | $17.3M | $17.2M | $11.2M | $1.9M | — | View 990 |
| 2014 | $19.4M | $19.0M | $10.8M | $1.6M | — | View 990 |
| 2013 | $17.3M | $17.2M | $10.5M | $1.6M | — | View 990 |
| 2012 | $32.6M | $32.5M | $9.6M | $830K | — | View 990 |
| 2011 | $28.7M | $27.1M | $9.8M | $1.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $15.8M, expenses of $13.1M, and assets of $27.7M (revenue +10.4% year-over-year).
- 2022: Revenue of $14.3M, expenses of $11.9M, and assets of $27.8M (revenue +43.4% year-over-year).
- 2021: Revenue of $10.0M, expenses of $10.6M, and assets of $24.9M (revenue -5.1% year-over-year).
- 2020: Revenue of $10.5M, expenses of $12.6M, and assets of $12.6M (revenue -34.7% year-over-year).
- 2019: Revenue of $16.1M, expenses of $14.0M, and assets of $14.7M (revenue -2.1% year-over-year).
- 2018: Revenue of $16.5M, expenses of $14.8M, and assets of $12.7M (revenue -8.9% year-over-year).
- 2017: Revenue of $18.1M, expenses of $18.0M, and assets of $10.8M (revenue +1.1% year-over-year).
- 2016: Revenue of $17.9M, expenses of $17.9M, and assets of $10.6M (revenue +3.5% year-over-year).
- 2015: Revenue of $17.3M, expenses of $17.2M, and assets of $11.2M (revenue -10.9% year-over-year).
- 2014: Revenue of $19.4M, expenses of $19.0M, and assets of $10.8M (revenue +12.4% year-over-year).
- 2013: Revenue of $17.3M, expenses of $17.2M, and assets of $10.5M (revenue -47.0% year-over-year).
- 2012: Revenue of $32.6M, expenses of $32.5M, and assets of $9.6M (revenue +13.3% year-over-year).
- 2011: Revenue of $28.7M, expenses of $27.1M, and assets of $9.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Housing Works Thrift Shop Inc:
Data Sources and Methodology
This transparency report for Housing Works Thrift Shop 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.