Second Source Thrift Store
EIN: 621419841 · Jefferson Cty, TN · NTEE: P99
About Second Source Thrift Store
Second Source Thrift Store (EIN: 621419841) is a nonprofit organization based in Jefferson Cty, TN, classified under NTEE code P99. The organization reported total revenue of $676K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Second Source Thrift Store's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Second Source Thrift Store 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 Second Source Thrift Store 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.
Filing History
IRS 990 filing history for Second Source Thrift Store showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2009–2023), Second Source Thrift Store's revenue has grown by 157%, moving from $266K to $685K. Total assets increased by 168.4% over the same period, from $432K to $1.2M. Total functional expenses rose by 315.8%, from $157K to $651K. In its most recent filing year (2023), Second Source Thrift Store reported a surplus of $34K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $685K | $651K | $1.2M | $0 | — | — |
| 2022 | $598K | $532K | $1.1M | $0 | — | View 990 |
| 2020 | $427K | $404K | $1.1M | $0 | — | View 990 |
| 2019 | $342K | $398K | $1.0M | $0 | — | View 990 |
| 2018 | $302K | $232K | $552K | $15 | — | View 990 |
| 2017 | $291K | $218K | $482K | $18 | — | View 990 |
| 2016 | $289K | $270K | $409K | $0 | — | View 990 |
| 2015 | $288K | $302K | $391K | $71K | — | View 990 |
| 2014 | $306K | $331K | $405K | $167K | — | View 990 |
| 2013 | $320K | $343K | $356K | $292K | — | View 990 |
| 2012 | $271K | $671K | $84K | $0 | — | View 990 |
| 2009 | $266K | $157K | $432K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $685K, expenses of $651K, and assets of $1.2M (revenue +14.6% year-over-year).
- 2022: Revenue of $598K, expenses of $532K, and assets of $1.1M (revenue +39.9% year-over-year).
- 2020: Revenue of $427K, expenses of $404K, and assets of $1.1M (revenue +24.8% year-over-year).
- 2019: Revenue of $342K, expenses of $398K, and assets of $1.0M (revenue +13.5% year-over-year).
- 2018: Revenue of $302K, expenses of $232K, and assets of $552K (revenue +3.6% year-over-year).
- 2017: Revenue of $291K, expenses of $218K, and assets of $482K (revenue +0.7% year-over-year).
- 2016: Revenue of $289K, expenses of $270K, and assets of $409K (revenue +0.5% year-over-year).
- 2015: Revenue of $288K, expenses of $302K, and assets of $391K (revenue -6.1% year-over-year).
- 2014: Revenue of $306K, expenses of $331K, and assets of $405K (revenue -4.4% year-over-year).
- 2013: Revenue of $320K, expenses of $343K, and assets of $356K (revenue +18.3% year-over-year).
- 2012: Revenue of $271K, expenses of $671K, and assets of $84K (revenue +1.7% year-over-year).
- 2009: Revenue of $266K, expenses of $157K, and assets of $432K.
Data Sources and Methodology
This transparency report for Second Source 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.