Louise And Anne Thrift & Fleamarket
Louise And Anne Thrift & Fleamarket shows consistent revenue growth and zero liabilities with no reported officer compensation.
EIN: 205354800 · Conway, AR · NTEE: P29 · Updated: 2026-03-28
Is Louise And Anne Thrift & Fleamarket Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Louise And Anne Thrift & Fleamarket directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Louise And Anne Thrift & Fleamarket
Louise And Anne Thrift & Fleamarket (EIN: 205354800) is a nonprofit organization based in Conway, AR, classified under NTEE code P29. The organization reported total revenue of $1.9M and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Louise And Anne Thrift & Fleamarket's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Louise And Anne Thrift & Fleamarket is a mid-size nonprofit that has been operating for 16 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 10.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $923K |
| Total Expenses | $832K |
| Surplus / Deficit | +$91K |
| Total Assets | $1.1M |
| Net Assets | $1.1M |
| Operating Margin | 9.9% |
| Months of Reserves | 16.2 months |
Financial Health Grade: A
In 2024, Louise And Anne Thrift & Fleamarket reported a surplus of $91K with revenue exceeding expenses, holds 16.2 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2011–2024), Louise And Anne Thrift & Fleamarket's revenue has grown at a compound annual growth rate (CAGR) of 10.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +17.2% | +10.7% | +8.8% |
| 2023 | +14.8% | +5.3% | +3.6% |
| 2022 | +5.3% | +0.5% | -2.7% |
| 2021 | +24.6% | +42.8% | -5.4% |
| 2020 | -16.9% | -2.1% | +2.4% |
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 Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Louise And Anne Thrift & Fleamarket 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Louise And Anne Thrift & Fleamarket allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $91K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly unusual for an organization with nearly $1 million in annual revenue and suggests a very lean operational structure.
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 Louise And Anne Thrift & Fleamarket's IRS 990 filings:
- Lack of detailed program spending breakdown in provided data
- Unclear how thrift store revenue directly translates to specific charitable programs without further information
Strengths
The following positive indicators were identified for Louise And Anne Thrift & Fleamarket:
- Consistent revenue growth over a decade (from $427,953 in 2015 to $922,950 in 2024)
- Zero reported liabilities across all filings, indicating strong financial stability
- 0% officer compensation, suggesting a highly efficient and mission-focused leadership structure
- Healthy asset accumulation, growing from $710,168 to $1,124,713 over the past decade
- Expenses consistently below revenue in most recent years, leading to surpluses
Frequently Asked Questions about Louise And Anne Thrift & Fleamarket
Is Louise And Anne Thrift & Fleamarket a legitimate charity?
Based on AI analysis of IRS 990 filings, Louise And Anne Thrift & Fleamarket (EIN: 205354800) some concerns. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
How does Louise And Anne Thrift & Fleamarket spend its money?
Louise And Anne Thrift & Fleamarket directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Louise And Anne Thrift & Fleamarket tax-deductible?
Louise And Anne Thrift & Fleamarket is registered as a tax-exempt nonprofit (EIN: 205354800). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does the revenue from the thrift and fleamarket directly support the organization's stated charitable mission?
The NTEE code P29 indicates operation of a thrift shop. While the filings show strong financial health, the specific charitable programs or beneficiaries supported by the revenue are not detailed in the provided data. Further investigation into their mission statement and program activities would be needed.
What is the specific breakdown of program, administrative, and fundraising expenses?
The provided data only gives total revenue and expenses. A detailed Form 990 would be required to ascertain the exact percentages allocated to programs, administration, and fundraising to fully assess spending efficiency.
How does the organization manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests a volunteer-driven executive team or that compensation is structured in a way that it's not reported as officer compensation on the 990. This is a significant factor in keeping overhead low.
Filing History
IRS 990 filing history for Louise And Anne Thrift & Fleamarket showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Louise And Anne Thrift & Fleamarket's revenue has grown by 276.8%, moving from $245K to $923K. Total assets increased by 193.4% over the same period, from $383K to $1.1M. Total functional expenses rose by 435.5%, from $155K to $832K. In its most recent filing year (2024), Louise And Anne Thrift & Fleamarket reported a surplus of $91K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $923K | $832K | $1.1M | $0 | — | View 990 |
| 2023 | $788K | $752K | $1.0M | $0 | — | View 990 |
| 2022 | $686K | $714K | $997K | $0 | — | View 990 |
| 2021 | $652K | $711K | $1.0M | $0 | — | View 990 |
| 2020 | $523K | $498K | $1.1M | $0 | — | View 990 |
| 2019 | $629K | $508K | $1.1M | $0 | — | View 990 |
| 2018 | $551K | $456K | $937K | $0 | — | — |
| 2017 | $480K | $408K | $842K | $0 | — | View 990 |
| 2016 | $460K | $400K | $770K | $0 | — | View 990 |
| 2015 | $428K | $330K | $710K | $0 | — | View 990 |
| 2014 | $372K | $336K | $612K | $0 | — | View 990 |
| 2013 | $360K | $241K | $576K | $0 | — | View 990 |
| 2012 | $291K | $218K | $457K | $0 | — | View 990 |
| 2011 | $245K | $155K | $383K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $923K, expenses of $832K, and assets of $1.1M (revenue +17.2% year-over-year).
- 2023: Revenue of $788K, expenses of $752K, and assets of $1.0M (revenue +14.8% year-over-year).
- 2022: Revenue of $686K, expenses of $714K, and assets of $997K (revenue +5.3% year-over-year).
- 2021: Revenue of $652K, expenses of $711K, and assets of $1.0M (revenue +24.6% year-over-year).
- 2020: Revenue of $523K, expenses of $498K, and assets of $1.1M (revenue -16.9% year-over-year).
- 2019: Revenue of $629K, expenses of $508K, and assets of $1.1M (revenue +14.3% year-over-year).
- 2018: Revenue of $551K, expenses of $456K, and assets of $937K (revenue +14.6% year-over-year).
- 2017: Revenue of $480K, expenses of $408K, and assets of $842K (revenue +4.6% year-over-year).
- 2016: Revenue of $460K, expenses of $400K, and assets of $770K (revenue +7.4% year-over-year).
- 2015: Revenue of $428K, expenses of $330K, and assets of $710K (revenue +15.1% year-over-year).
- 2014: Revenue of $372K, expenses of $336K, and assets of $612K (revenue +3.3% year-over-year).
- 2013: Revenue of $360K, expenses of $241K, and assets of $576K (revenue +23.7% year-over-year).
- 2012: Revenue of $291K, expenses of $218K, and assets of $457K (revenue +18.8% year-over-year).
- 2011: Revenue of $245K, expenses of $155K, and assets of $383K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Louise And Anne Thrift & Fleamarket:
Data Sources and Methodology
This transparency report for Louise And Anne Thrift & Fleamarket 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.