Thrift Barns Of Morris County
EIN: 812058971 · Denville, NJ · NTEE: W24
| Metric | Value |
|---|---|
| Total Revenue | $373K |
| Total Expenses | $192K |
| Net Assets | $239K |
Is Thrift Barns Of Morris County Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Thrift Barns Of Morris County
Thrift Barns Of Morris County (EIN: 812058971) is a nonprofit organization based in Denville, NJ, classified under NTEE code W24. The organization reported total revenue of $373K and total assets of $342K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Thrift Barns Of Morris County's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Thrift Barns Of Morris County is a small nonprofit that has been operating for 10 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 1.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $325K |
| Total Expenses | $192K |
| Surplus / Deficit | +$133K |
| Total Assets | $239K |
| Net Assets | $239K |
| Operating Margin | 41.0% |
| Months of Reserves | 15.0 months |
Financial Health Grade: A
In 2023, Thrift Barns Of Morris County reported a surplus of $133K with revenue exceeding expenses, holds 15.0 months of operating reserves (strong position).
Financial Trends
Over 8 years of filings (2016–2023), Thrift Barns Of Morris County's revenue has grown at a compound annual growth rate (CAGR) of 1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +34.2% | +7.6% | +126.2% |
| 2022 | +16.3% | -15.9% | +153.6% |
| 2021 | +71.1% | +75.7% | -7.9% |
| 2020 | -27.8% | -42.9% | +2.6% |
| 2019 | +1.1% | +1.3% | -49.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Thrift Barns Of Morris County 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 Thrift Barns Of Morris County 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $133K, with revenue exceeding expenses.
Frequently Asked Questions about Thrift Barns Of Morris County
Is Thrift Barns Of Morris County a legitimate charity?
Based on AI analysis of IRS 990 filings, Thrift Barns Of Morris County (EIN: 812058971) insufficient data. 0 red flags identified, 0 strengths noted.
How does Thrift Barns Of Morris County spend its money?
Detailed spending breakdown data is not yet available for Thrift Barns Of Morris County. Check back for updated IRS 990 analysis.
Are donations to Thrift Barns Of Morris County tax-deductible?
Thrift Barns Of Morris County is registered as a tax-exempt nonprofit (EIN: 812058971). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Thrift Barns Of Morris County located?
Thrift Barns Of Morris County is headquartered in Denville, New Jersey and files with the IRS under EIN 812058971. It is classified under NTEE code W24.
How many years of IRS 990 filings does Thrift Barns Of Morris County have?
Thrift Barns Of Morris County has 8 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 $373K in total revenue.
Filing History
IRS 990 filing history for Thrift Barns Of Morris County showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Thrift Barns Of Morris County's revenue has grown by 9.9%, moving from $296K to $325K. Total assets increased by 57.1% over the same period, from $152K to $239K. Total functional expenses rose by 33.6%, from $144K to $192K. In its most recent filing year (2023), Thrift Barns Of Morris County reported a surplus of $133K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $325K | $192K | $239K | $0 | — | View 990 |
| 2022 | $242K | $178K | $106K | $0 | — | — |
| 2021 | $208K | $212K | $42K | $0 | — | — |
| 2020 | $122K | $121K | $45K | $0 | — | View 990 |
| 2019 | $169K | $212K | $44K | $0 | — | View 990 |
| 2018 | $167K | $209K | $87K | $0 | — | View 990 |
| 2017 | $151K | $175K | $127K | $0 | — | View 990 |
| 2016 | $296K | $144K | $152K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $325K, expenses of $192K, and assets of $239K (revenue +34.2% year-over-year).
- 2022: Revenue of $242K, expenses of $178K, and assets of $106K (revenue +16.3% year-over-year).
- 2021: Revenue of $208K, expenses of $212K, and assets of $42K (revenue +71.1% year-over-year).
- 2020: Revenue of $122K, expenses of $121K, and assets of $45K (revenue -27.8% year-over-year).
- 2019: Revenue of $169K, expenses of $212K, and assets of $44K (revenue +1.1% year-over-year).
- 2018: Revenue of $167K, expenses of $209K, and assets of $87K (revenue +10.5% year-over-year).
- 2017: Revenue of $151K, expenses of $175K, and assets of $127K (revenue -48.9% year-over-year).
- 2016: Revenue of $296K, expenses of $144K, and assets of $152K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Thrift Barns Of Morris County:
Data Sources and Methodology
This transparency report for Thrift Barns Of Morris County 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.