Red Hat Thrift Store
Red Hat Thrift Store consistently operates near break-even with no officer compensation.
EIN: 204476957 · Longview, WA · NTEE: P29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $433K |
| Total Expenses | $462K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $246,472 |
| Net Assets | $57K |
| Transparency Score | 92/100 |
Search Intent Cockpit
Red Hat Thrift Store Form 990, Revenue, CEO Pay, and IRS Filing Signals
Red Hat Thrift Store is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Red Hat Thrift Store in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $457K and expenses of $462K.
Revenue and Expenses
Red Hat Thrift Store reported $457K in revenue and $462K in expenses, a deficit of $5K.
Executive Compensation
Top officer compensation appears as $246,472 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
92/100 mission score, 0 red flags, and 4 strengths are shown from structured and AI review.
Is Red Hat Thrift Store Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $416K (90%) |
Across stored filings, Red Hat Thrift Store shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Appears Legitimate | Good filing record; no red flags identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade C | 13 stored filing years |
| Peer context | Compare with Okanogan Regional Humane | Washington and Human Services context |
Trust Check
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Red Hat Thrift Store directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Red Hat Thrift Store
Red Hat Thrift Store (EIN: 204476957) is a nonprofit organization based in Longview, WA, classified under NTEE code P29. The organization reported total revenue of $433K and total assets of $75K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Red Hat Thrift Store's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Red Hat Thrift Store is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 3.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $457K |
| Total Expenses | $462K |
| Surplus / Deficit | $-5,008 |
| Total Assets | $85K |
| Total Liabilities | $28K |
| Net Assets | $57K |
| Operating Margin | -1.1% |
| Debt-to-Asset Ratio | 32.6% |
| Months of Reserves | 2.2 months |
Financial Health Grade: C
In 2024, Red Hat Thrift Store reported a deficit of $5K with expenses exceeding revenue, holds 2.2 months of operating reserves (limited), has a debt-to-asset ratio of 32.6% (moderate leverage).
Financial Trends
Over 13 years of filings (2012–2024), Red Hat Thrift Store's revenue has grown at a compound annual growth rate (CAGR) of 3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -3.2% | -2.2% | -3.6% |
| 2023 | +4.7% | +-0.0% | +3.6% |
| 2022 | -6.2% | -0.9% | -22.0% |
| 2021 | +50.3% | +48.8% | +17.4% |
| 2020 | -17.5% | -10.8% | +5.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Red Hat Thrift Store with a Mission Score of 92 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, Red Hat Thrift Store 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 deficit of $5K, with expenses exceeding revenue.
- Debt-to-asset ratio: 32.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries from the organization. This is a highly positive financial practice for an organization with annual revenues ranging from $246,472 to $481,278, demonstrating a strong commitment to mission over executive pay.
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.
Strengths
The following positive indicators were identified for Red Hat Thrift Store:
- Consistent 0% officer compensation across all filings, indicating strong financial ethics.
- Operations consistently near break-even, suggesting efficient resource allocation.
- Stable revenue growth over the past decade, demonstrating sustained community support.
- Low liabilities relative to assets, indicating a healthy financial position.
Frequently Asked Questions about Red Hat Thrift Store
Is Red Hat Thrift Store a legitimate charity?
Red Hat Thrift Store (EIN: 204476957) is a registered tax-exempt nonprofit based in Washington. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $433K. No red flags identified. 4 strengths noted. Financial health grade: C.
How does Red Hat Thrift Store spend its money?
Red Hat Thrift Store directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Red Hat Thrift Store tax-deductible?
Red Hat Thrift Store is registered as a tax-exempt nonprofit (EIN: 204476957). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Red Hat Thrift Store CEO make?
Red Hat Thrift Store's highest-compensated officer earns $246,472 annually. The organization reported $433K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Red Hat Thrift Store's spending goes to programs?
Red Hat Thrift Store directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Red Hat Thrift Store compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Red Hat Thrift Store is above average for NTEE category P29 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Red Hat Thrift Store located?
Red Hat Thrift Store is headquartered in Longview, Washington and files with the IRS under EIN 204476957. It is classified under NTEE code P29.
How many years of IRS 990 filings does Red Hat Thrift Store have?
Red Hat Thrift Store 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 $433K in total revenue.
Is Red Hat Thrift Store a good charity?
Based on the provided financial data, Red Hat Thrift Store appears to be a well-managed charity. It consistently operates near break-even, indicating efficient use of funds, and reports 0% officer compensation, which is a strong positive for transparency and mission focus.
How has Red Hat Thrift Store's revenue trended over time?
Red Hat Thrift Store's revenue has shown a general upward trend over the past decade, increasing from $246,472 in 201506 to $457,037 in 202406, with some fluctuations, such as a dip in 202006 to $320,248.
What is the organization's financial stability?
The organization demonstrates stable financial health, consistently managing expenses to align with revenues. While assets are modest ($84,646 in 202406), the low liabilities ($27,621 in 202406) suggest a healthy balance sheet and no significant debt burden.
Filing History
IRS 990 filing history for Red Hat Thrift Store showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Red Hat Thrift Store's revenue has grown by 54.4%, moving from $296K to $457K. Total assets increased by 34.8% over the same period, from $63K to $85K. Total functional expenses rose by 49.7%, from $309K to $462K. In its most recent filing year (2024), Red Hat Thrift Store reported a deficit of $5K, with expenses exceeding revenue. The organization holds $28K in liabilities against $85K in assets (debt-to-asset ratio: 32.6%), resulting in net assets of $57K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $457K | $462K | $85K | $28K | — | — |
| 2023 | $472K | $472K | $88K | $26K | — | View 990 |
| 2022 | $451K | $473K | $85K | $23K | — | View 990 |
| 2021 | $481K | $477K | $109K | $26K | — | View 990 |
| 2020 | $320K | $320K | $93K | $7K | — | View 990 |
| 2019 | $388K | $359K | $88K | $2K | — | View 990 |
| 2018 | $349K | $345K | $59K | $2K | — | View 990 |
| 2017 | $285K | $296K | $56K | $3K | — | View 990 |
| 2016 | $263K | $257K | $64K | $2K | — | View 990 |
| 2015 | $246K | $247K | $58K | $1K | — | View 990 |
| 2014 | $253K | $246K | $59K | $1K | — | View 990 |
| 2013 | $265K | $272K | $51K | $1K | — | View 990 |
| 2012 | $296K | $309K | $63K | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $457K, expenses of $462K, and assets of $85K (revenue -3.2% year-over-year).
- 2023: Revenue of $472K, expenses of $472K, and assets of $88K (revenue +4.7% year-over-year).
- 2022: Revenue of $451K, expenses of $473K, and assets of $85K (revenue -6.2% year-over-year).
- 2021: Revenue of $481K, expenses of $477K, and assets of $109K (revenue +50.3% year-over-year).
- 2020: Revenue of $320K, expenses of $320K, and assets of $93K (revenue -17.5% year-over-year).
- 2019: Revenue of $388K, expenses of $359K, and assets of $88K (revenue +11.2% year-over-year).
- 2018: Revenue of $349K, expenses of $345K, and assets of $59K (revenue +22.5% year-over-year).
- 2017: Revenue of $285K, expenses of $296K, and assets of $56K (revenue +8.5% year-over-year).
- 2016: Revenue of $263K, expenses of $257K, and assets of $64K (revenue +6.6% year-over-year).
- 2015: Revenue of $246K, expenses of $247K, and assets of $58K (revenue -2.6% year-over-year).
- 2014: Revenue of $253K, expenses of $246K, and assets of $59K (revenue -4.6% year-over-year).
- 2013: Revenue of $265K, expenses of $272K, and assets of $51K (revenue -10.4% year-over-year).
- 2012: Revenue of $296K, expenses of $309K, and assets of $63K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Red Hat Thrift Store:
Data Sources and Methodology
This transparency report for Red Hat Thrift Store 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.