Quaker Thrift Store Inc
EIN: 541811064 · Midlothian, VA · NTEE: P29
Is Quaker Thrift Store Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Quaker Thrift Store Inc
Quaker Thrift Store Inc (EIN: 541811064) is a nonprofit organization based in Midlothian, VA, classified under NTEE code P29. The organization reported total revenue of $222K and total assets of $56K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Quaker Thrift Store Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Quaker Thrift Store Inc is a small nonprofit that has been operating for 5 years, with 10 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of 3.7%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $222K |
| Total Expenses | $188K |
| Surplus / Deficit | +$34K |
| Total Assets | $56K |
| Net Assets | $56K |
| Operating Margin | 15.4% |
| Months of Reserves | 3.6 months |
Financial Health Grade: A
In 2020, Quaker Thrift Store Inc reported a surplus of $34K with revenue exceeding expenses, holds 3.6 months of operating reserves (adequate).
Financial Trends
Over 10 years of filings (2011–2020), Quaker Thrift Store Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | +7.4% | -7.7% | +155.7% |
| 2019 | +9.0% | +7.4% | +30.2% |
| 2018 | +11.9% | +10.7% | +0.9% |
| 2017 | +5.5% | +2.9% | +74.7% |
| 2016 | -10.9% | -7.6% | -37.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Quaker Thrift Store 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 Quaker Thrift Store 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 (2020)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $34K, with revenue exceeding expenses.
Frequently Asked Questions about Quaker Thrift Store Inc
Is Quaker Thrift Store Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Quaker Thrift Store Inc (EIN: 541811064) insufficient data. 0 red flags identified, 0 strengths noted.
How does Quaker Thrift Store Inc spend its money?
Detailed spending breakdown data is not yet available for Quaker Thrift Store Inc. Check back for updated IRS 990 analysis.
Are donations to Quaker Thrift Store Inc tax-deductible?
Quaker Thrift Store Inc is registered as a tax-exempt nonprofit (EIN: 541811064). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Quaker Thrift Store Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2020), Quaker Thrift Store Inc's revenue has grown by 39.1%, moving from $160K to $222K. Total assets increased by 1151.4% over the same period, from $5K to $56K. Total functional expenses rose by 17.5%, from $160K to $188K. In its most recent filing year (2020), Quaker Thrift Store Inc reported a surplus of $34K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $222K | $188K | $56K | $0 | — | — |
| 2019 | $207K | $204K | $22K | $0 | — | View 990 |
| 2018 | $190K | $190K | $17K | $0 | — | View 990 |
| 2017 | $170K | $172K | $17K | $0 | — | View 990 |
| 2016 | $161K | $167K | $10K | $0 | — | View 990 |
| 2015 | $181K | $180K | $15K | $0 | — | View 990 |
| 2014 | $160K | $163K | $12K | $0 | — | View 990 |
| 2013 | $161K | $171K | $9K | $0 | — | View 990 |
| 2012 | $185K | $185K | $13K | $0 | — | View 990 |
| 2011 | $160K | $160K | $5K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $222K, expenses of $188K, and assets of $56K (revenue +7.4% year-over-year).
- 2019: Revenue of $207K, expenses of $204K, and assets of $22K (revenue +9.0% year-over-year).
- 2018: Revenue of $190K, expenses of $190K, and assets of $17K (revenue +11.9% year-over-year).
- 2017: Revenue of $170K, expenses of $172K, and assets of $17K (revenue +5.5% year-over-year).
- 2016: Revenue of $161K, expenses of $167K, and assets of $10K (revenue -10.9% year-over-year).
- 2015: Revenue of $181K, expenses of $180K, and assets of $15K (revenue +12.6% year-over-year).
- 2014: Revenue of $160K, expenses of $163K, and assets of $12K (revenue -0.6% year-over-year).
- 2013: Revenue of $161K, expenses of $171K, and assets of $9K (revenue -12.7% year-over-year).
- 2012: Revenue of $185K, expenses of $185K, and assets of $13K (revenue +15.7% year-over-year).
- 2011: Revenue of $160K, expenses of $160K, and assets of $5K.
Data Sources and Methodology
This transparency report for Quaker Thrift Store 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.