Thrift Alliance
Thrift Alliance shows consistent growth and zero executive compensation across all reported filings.
EIN: 201578635 · Nashville, TN · NTEE: P112 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $9.8M |
| Total Expenses | $3.0M |
| Program Spending | 96% |
| CEO/Top Officer Pay | $3,095,086. |
| Net Assets | $472K |
| Transparency Score | 95/100 |
Is Thrift Alliance Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Thrift Alliance directs 96% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Thrift Alliance
Thrift Alliance (EIN: 201578635) is a nonprofit organization based in Nashville, TN, classified under NTEE code P112. The organization reported total revenue of $9.8M and total assets of $5.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Thrift Alliance's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Thrift Alliance is a mid-size nonprofit that has been operating for 19 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 7.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.1M |
| Total Expenses | $3.0M |
| Surplus / Deficit | +$120K |
| Total Assets | $829K |
| Total Liabilities | $357K |
| Net Assets | $472K |
| Operating Margin | 3.9% |
| Debt-to-Asset Ratio | 43.1% |
| Months of Reserves | 3.3 months |
Financial Health Grade: A
In 2023, Thrift Alliance reported a surplus of $120K with revenue exceeding expenses, holds 3.3 months of operating reserves (adequate), has a debt-to-asset ratio of 43.1% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), Thrift Alliance's revenue has grown at a compound annual growth rate (CAGR) of 7.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.3% | +17.6% | +7.7% |
| 2022 | +32.8% | +42.1% | +20.0% |
| 2021 | +51.1% | +26.8% | +74.2% |
| 2020 | -7.8% | +4.4% | +103.8% |
| 2019 | -4.9% | -16.9% | +87.8% |
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 Thrift Alliance with a Mission Score of 95 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: 4%
- programs: 96%
- fundraising: 0%
According to IRS 990 filings, Thrift Alliance allocates its expenses as follows: admin: 4%, programs: 96%, fundraising: 0%. With 96% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $120K, with revenue exceeding expenses.
- Debt-to-asset ratio: 43.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is highly commendable for an organization of its size with latest revenue of $3,095,086.
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 Thrift Alliance:
- Consistent revenue growth, from $1.3M in 2014 to over $3M in 2023.
- Zero officer compensation reported across all 12 filings.
- Positive net income in recent years, indicating sound financial management.
- Growing asset base, from $154,392 in 2014 to $829,029 in 2023.
- Strong program focus implied by 0% officer compensation and efficient spending.
Frequently Asked Questions about Thrift Alliance
Is Thrift Alliance a legitimate charity?
Thrift Alliance (EIN: 201578635) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 95/100. It has 12 years of IRS 990 filings on record. Total revenue: $9.8M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Thrift Alliance spend its money?
Thrift Alliance directs 96% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Thrift Alliance tax-deductible?
Thrift Alliance is registered as a tax-exempt nonprofit (EIN: 201578635). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Thrift Alliance CEO make?
Thrift Alliance's highest-compensated officer earns $3,095,086. annually. The organization reported $9.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Thrift Alliance compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Thrift Alliance is above average for NTEE category P112 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Thrift Alliance located?
Thrift Alliance is headquartered in Nashville, Tennessee and files with the IRS under EIN 201578635. It is classified under NTEE code P112.
How many years of IRS 990 filings does Thrift Alliance have?
Thrift Alliance has 12 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 $9.8M in total revenue.
Is Thrift Alliance a good charity?
Based on the available IRS 990 data, Thrift Alliance appears to be a very good charity. It demonstrates consistent financial growth, maintains a healthy asset-to-liability ratio, and notably reports 0% officer compensation across all filings, indicating a strong commitment to its mission.
How has Thrift Alliance's financial health changed over time?
Thrift Alliance has shown significant financial growth. Its revenue increased from $1,308,789 in 2014 to $3,095,086 in 2023, and assets grew from $154,392 to $829,029 over the same period, indicating a strong upward trend in financial health.
What is Thrift Alliance's spending efficiency?
Thrift Alliance exhibits high spending efficiency, with expenses consistently below revenue in recent years (e.g., $2,974,646 expenses vs. $3,095,086 revenue in 2023). The 0% officer compensation further underscores its efficiency in directing funds to its mission.
Filing History
IRS 990 filing history for Thrift Alliance showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Thrift Alliance's revenue has grown by 121%, moving from $1.4M to $3.1M. Total assets increased by 563.4% over the same period, from $125K to $829K. Total functional expenses rose by 135.9%, from $1.3M to $3.0M. In its most recent filing year (2023), Thrift Alliance reported a surplus of $120K, with revenue exceeding expenses. The organization holds $357K in liabilities against $829K in assets (debt-to-asset ratio: 43.1%), resulting in net assets of $472K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.1M | $3.0M | $829K | $357K | — | View 990 |
| 2022 | $2.8M | $2.5M | $770K | $418K | — | View 990 |
| 2021 | $2.1M | $1.8M | $641K | $516K | — | View 990 |
| 2020 | $1.4M | $1.4M | $368K | $538K | — | View 990 |
| 2019 | $1.5M | $1.3M | $181K | $320K | — | View 990 |
| 2018 | $1.6M | $1.6M | $96K | $381K | — | View 990 |
| 2017 | $1.9M | $1.7M | $240K | $402K | — | View 990 |
| 2016 | $1.9M | $1.9M | $258K | $550K | — | View 990 |
| 2015 | $1.8M | $1.8M | $312K | $558K | — | View 990 |
| 2014 | $1.3M | $1.2M | $154K | $391K | — | View 990 |
| 2013 | $1.4M | $1.3M | $150K | $487K | — | View 990 |
| 2012 | $1.4M | $1.3M | $125K | $574K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.1M, expenses of $3.0M, and assets of $829K (revenue +12.3% year-over-year).
- 2022: Revenue of $2.8M, expenses of $2.5M, and assets of $770K (revenue +32.8% year-over-year).
- 2021: Revenue of $2.1M, expenses of $1.8M, and assets of $641K (revenue +51.1% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.4M, and assets of $368K (revenue -7.8% year-over-year).
- 2019: Revenue of $1.5M, expenses of $1.3M, and assets of $181K (revenue -4.9% year-over-year).
- 2018: Revenue of $1.6M, expenses of $1.6M, and assets of $96K (revenue -15.4% year-over-year).
- 2017: Revenue of $1.9M, expenses of $1.7M, and assets of $240K (revenue -2.6% year-over-year).
- 2016: Revenue of $1.9M, expenses of $1.9M, and assets of $258K (revenue +7.2% year-over-year).
- 2015: Revenue of $1.8M, expenses of $1.8M, and assets of $312K (revenue +35.5% year-over-year).
- 2014: Revenue of $1.3M, expenses of $1.2M, and assets of $154K (revenue -9.4% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.3M, and assets of $150K (revenue +3.1% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.3M, and assets of $125K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Thrift Alliance:
Data Sources and Methodology
This transparency report for Thrift Alliance 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.