New Life Thrift Shop
EIN: 273706104 · Chambersburg, PA · NTEE: P20
| Metric | Value |
|---|---|
| Total Revenue | $886K |
| Total Expenses | $703K |
| Net Assets | $561K |
Is New Life Thrift Shop Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About New Life Thrift Shop
New Life Thrift Shop (EIN: 273706104) is a nonprofit organization based in Chambersburg, PA, classified under NTEE code P20. The organization reported total revenue of $886K and total assets of $995K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Life Thrift Shop's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Life Thrift Shop is a small nonprofit that has been operating for 14 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 11.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $736K |
| Total Expenses | $703K |
| Surplus / Deficit | +$33K |
| Total Assets | $1.0M |
| Total Liabilities | $443K |
| Net Assets | $561K |
| Operating Margin | 4.5% |
| Debt-to-Asset Ratio | 44.2% |
| Months of Reserves | 17.1 months |
Financial Health Grade: A
In 2023, New Life Thrift Shop reported a surplus of $33K with revenue exceeding expenses, holds 17.1 months of operating reserves (strong position), has a debt-to-asset ratio of 44.2% (moderate leverage).
Financial Trends
Over 11 years of filings (2013–2023), New Life Thrift Shop's revenue has grown at a compound annual growth rate (CAGR) of 11.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +19.3% | +22.6% | +2.3% |
| 2022 | +12.4% | +11.6% | +3.2% |
| 2021 | +52.0% | +54.9% | +3.4% |
| 2020 | -7.1% | +0.5% | +1.2% |
| 2019 | +21.0% | +24.6% | -5.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for New Life Thrift Shop 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 New Life Thrift Shop 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $33K, with revenue exceeding expenses.
- Debt-to-asset ratio: 44.2%.
Frequently Asked Questions about New Life Thrift Shop
Is New Life Thrift Shop a legitimate charity?
Based on AI analysis of IRS 990 filings, New Life Thrift Shop (EIN: 273706104) insufficient data. 0 red flags identified, 0 strengths noted.
How does New Life Thrift Shop spend its money?
Detailed spending breakdown data is not yet available for New Life Thrift Shop. Check back for updated IRS 990 analysis.
Are donations to New Life Thrift Shop tax-deductible?
New Life Thrift Shop is registered as a tax-exempt nonprofit (EIN: 273706104). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is New Life Thrift Shop located?
New Life Thrift Shop is headquartered in Chambersburg, Pennsylvania and files with the IRS under EIN 273706104. It is classified under NTEE code P20.
How many years of IRS 990 filings does New Life Thrift Shop have?
New Life Thrift Shop has 11 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 $886K in total revenue.
Filing History
IRS 990 filing history for New Life Thrift Shop showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), New Life Thrift Shop's revenue has grown by 206.7%, moving from $240K to $736K. Total assets increased by 1017.3% over the same period, from $90K to $1.0M. Total functional expenses rose by 217%, from $222K to $703K. In its most recent filing year (2023), New Life Thrift Shop reported a surplus of $33K, with revenue exceeding expenses. The organization holds $443K in liabilities against $1.0M in assets (debt-to-asset ratio: 44.2%), resulting in net assets of $561K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $736K | $703K | $1.0M | $443K | — | — |
| 2022 | $617K | $573K | $982K | $454K | — | View 990 |
| 2021 | $549K | $513K | $952K | $467K | — | View 990 |
| 2020 | $361K | $331K | $920K | $472K | — | View 990 |
| 2019 | $389K | $330K | $909K | $490K | — | View 990 |
| 2018 | $321K | $265K | $959K | $599K | — | View 990 |
| 2017 | $284K | $229K | $914K | $611K | — | View 990 |
| 2016 | $324K | $206K | $869K | $621K | — | View 990 |
| 2015 | $201K | $207K | $134K | $4K | — | View 990 |
| 2014 | $295K | $246K | $141K | $5K | — | View 990 |
| 2013 | $240K | $222K | $90K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $736K, expenses of $703K, and assets of $1.0M (revenue +19.3% year-over-year).
- 2022: Revenue of $617K, expenses of $573K, and assets of $982K (revenue +12.4% year-over-year).
- 2021: Revenue of $549K, expenses of $513K, and assets of $952K (revenue +52.0% year-over-year).
- 2020: Revenue of $361K, expenses of $331K, and assets of $920K (revenue -7.1% year-over-year).
- 2019: Revenue of $389K, expenses of $330K, and assets of $909K (revenue +21.0% year-over-year).
- 2018: Revenue of $321K, expenses of $265K, and assets of $959K (revenue +13.0% year-over-year).
- 2017: Revenue of $284K, expenses of $229K, and assets of $914K (revenue -12.2% year-over-year).
- 2016: Revenue of $324K, expenses of $206K, and assets of $869K (revenue +61.6% year-over-year).
- 2015: Revenue of $201K, expenses of $207K, and assets of $134K (revenue -32.1% year-over-year).
- 2014: Revenue of $295K, expenses of $246K, and assets of $141K (revenue +23.1% year-over-year).
- 2013: Revenue of $240K, expenses of $222K, and assets of $90K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Life Thrift Shop:
Data Sources and Methodology
This transparency report for New Life 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.