Threads Of Hope Thrift Store Inc
EIN: 452652221 · Crossville, TN · NTEE: O11
Is Threads Of Hope 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 Threads Of Hope Thrift Store Inc
Threads Of Hope Thrift Store Inc (EIN: 452652221) is a nonprofit organization based in Crossville, TN, classified under NTEE code O11. The organization reported total revenue of $1.6M and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Threads Of Hope Thrift Store Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Threads Of Hope 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 Threads Of Hope 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.
Frequently Asked Questions about Threads Of Hope Thrift Store Inc
Is Threads Of Hope Thrift Store Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Threads Of Hope Thrift Store Inc (EIN: 452652221) insufficient data. 0 red flags identified, 0 strengths noted.
How does Threads Of Hope Thrift Store Inc spend its money?
Detailed spending breakdown data is not yet available for Threads Of Hope Thrift Store Inc. Check back for updated IRS 990 analysis.
Are donations to Threads Of Hope Thrift Store Inc tax-deductible?
Threads Of Hope Thrift Store Inc is registered as a tax-exempt nonprofit (EIN: 452652221). 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 Threads Of Hope Thrift Store Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Threads Of Hope Thrift Store Inc's revenue has grown by 240.4%, moving from $249K to $849K. Total assets increased by 1149.7% over the same period, from $105K to $1.3M. Total functional expenses rose by 407%, from $149K to $753K. In its most recent filing year (2023), Threads Of Hope Thrift Store Inc reported a surplus of $96K, with revenue exceeding expenses. The organization holds $143K in liabilities against $1.3M in assets (debt-to-asset ratio: 10.9%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $849K | $753K | $1.3M | $143K | — | — |
| 2022 | $919K | $706K | $1.5M | $398K | — | View 990 |
| 2021 | $751K | $548K | $1.3M | $420K | — | View 990 |
| 2020 | $458K | $525K | $852K | $190K | — | — |
| 2019 | $891K | $666K | $736K | $6K | — | View 990 |
| 2017 | $453K | $464K | $484K | $12K | — | View 990 |
| 2016 | $552K | $545K | $494K | $4K | — | View 990 |
| 2015 | $569K | $582K | $506K | $6K | — | View 990 |
| 2013 | $366K | $308K | $331K | $5K | — | View 990 |
| 2012 | $353K | $189K | $277K | $9K | — | View 990 |
| 2011 | $249K | $149K | $105K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $849K, expenses of $753K, and assets of $1.3M (revenue -7.6% year-over-year).
- 2022: Revenue of $919K, expenses of $706K, and assets of $1.5M (revenue +22.3% year-over-year).
- 2021: Revenue of $751K, expenses of $548K, and assets of $1.3M (revenue +64.0% year-over-year).
- 2020: Revenue of $458K, expenses of $525K, and assets of $852K (revenue -48.6% year-over-year).
- 2019: Revenue of $891K, expenses of $666K, and assets of $736K (revenue +96.8% year-over-year).
- 2017: Revenue of $453K, expenses of $464K, and assets of $484K (revenue -18.0% year-over-year).
- 2016: Revenue of $552K, expenses of $545K, and assets of $494K (revenue -3.0% year-over-year).
- 2015: Revenue of $569K, expenses of $582K, and assets of $506K (revenue +55.4% year-over-year).
- 2013: Revenue of $366K, expenses of $308K, and assets of $331K (revenue +3.8% year-over-year).
- 2012: Revenue of $353K, expenses of $189K, and assets of $277K (revenue +41.4% year-over-year).
- 2011: Revenue of $249K, expenses of $149K, and assets of $105K.
Data Sources and Methodology
This transparency report for Threads Of Hope 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.