Impact Thrift Stores Inc
EIN: 233080883 · Souderton, PA · NTEE: P29
| Metric | Value |
|---|---|
| Total Revenue | $12.5M |
| Total Expenses | $11.5M |
| Net Assets | $1.6M |
Is Impact Thrift Stores Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Impact Thrift Stores Inc
Impact Thrift Stores Inc (EIN: 233080883) is a nonprofit organization based in Souderton, PA, classified under NTEE code P29. The organization reported total revenue of $12.5M and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Impact Thrift Stores Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Impact Thrift Stores Inc is a large nonprofit that has been operating for 25 years, with 5 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of 26.0%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $12.1M |
| Total Expenses | $11.5M |
| Surplus / Deficit | +$580K |
| Total Assets | $4.0M |
| Total Liabilities | $2.3M |
| Net Assets | $1.6M |
| Operating Margin | 4.8% |
| Debt-to-Asset Ratio | 59.3% |
| Months of Reserves | 4.1 months |
Financial Health Grade: A
In 2015, Impact Thrift Stores Inc reported a surplus of $580K with revenue exceeding expenses, holds 4.1 months of operating reserves (adequate), has a debt-to-asset ratio of 59.3% (high leverage).
Financial Trends
Over 5 years of filings (2011–2015), Impact Thrift Stores Inc's revenue has grown at a compound annual growth rate (CAGR) of 26.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | +28.7% | +19.8% | +23.1% |
| 2014 | +11.7% | +15.0% | +0.3% |
| 2013 | +36.8% | +35.6% | +23.2% |
| 2012 | +28.1% | +36.7% | +16.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Impact Thrift Stores Inc 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 Impact Thrift Stores Inc 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 (2015)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $580K, with revenue exceeding expenses.
- Debt-to-asset ratio: 59.3%.
Frequently Asked Questions about Impact Thrift Stores Inc
Is Impact Thrift Stores Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Impact Thrift Stores Inc (EIN: 233080883) insufficient data. 0 red flags identified, 0 strengths noted.
How does Impact Thrift Stores Inc spend its money?
Detailed spending breakdown data is not yet available for Impact Thrift Stores Inc. Check back for updated IRS 990 analysis.
Are donations to Impact Thrift Stores Inc tax-deductible?
Impact Thrift Stores Inc is registered as a tax-exempt nonprofit (EIN: 233080883). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Impact Thrift Stores Inc located?
Impact Thrift Stores Inc is headquartered in Souderton, Pennsylvania and files with the IRS under EIN 233080883. It is classified under NTEE code P29.
How many years of IRS 990 filings does Impact Thrift Stores Inc have?
Impact Thrift Stores Inc has 5 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 $12.5M in total revenue.
Filing History
IRS 990 filing history for Impact Thrift Stores Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), Impact Thrift Stores Inc's revenue has grown by 151.7%, moving from $4.8M to $12.1M. Total assets increased by 77.1% over the same period, from $2.2M to $4.0M. Total functional expenses rose by 155.6%, from $4.5M to $11.5M. In its most recent filing year (2015), Impact Thrift Stores Inc reported a surplus of $580K, with revenue exceeding expenses. The organization holds $2.3M in liabilities against $4.0M in assets (debt-to-asset ratio: 59.3%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $12.1M | $11.5M | $4.0M | $2.3M | — | View 990 |
| 2014 | $9.4M | $9.6M | $3.2M | $2.2M | — | View 990 |
| 2013 | $8.4M | $8.4M | $3.2M | $1.9M | — | View 990 |
| 2012 | $6.2M | $6.2M | $2.6M | $1.4M | — | View 990 |
| 2011 | $4.8M | $4.5M | $2.2M | $980K | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $12.1M, expenses of $11.5M, and assets of $4.0M (revenue +28.7% year-over-year).
- 2014: Revenue of $9.4M, expenses of $9.6M, and assets of $3.2M (revenue +11.7% year-over-year).
- 2013: Revenue of $8.4M, expenses of $8.4M, and assets of $3.2M (revenue +36.8% year-over-year).
- 2012: Revenue of $6.2M, expenses of $6.2M, and assets of $2.6M (revenue +28.1% year-over-year).
- 2011: Revenue of $4.8M, expenses of $4.5M, and assets of $2.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Impact Thrift Stores Inc:
Data Sources and Methodology
This transparency report for Impact Thrift Stores 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.