Thrift Clothes Closet
Thrift Clothes Closet reports no revenue or assets, indicating minimal or no financial activity.
EIN: 20732223 · Franklin, NH · NTEE: P29 · Updated: 2026-03-28
Is Thrift Clothes Closet Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Thrift Clothes Closet
Thrift Clothes Closet (EIN: 20732223) is a nonprofit organization based in Franklin, NH, classified under NTEE code P29. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Thrift Clothes Closet's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Thrift Clothes Closet with a Mission Score of 20 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Thrift Clothes Closet allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Executive Compensation Analysis
No executive compensation data is available as the organization reports $0 in revenue and assets, suggesting no paid staff or significant financial operations.
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.
Red Flags
The following concerns were identified during AI analysis of Thrift Clothes Closet's IRS 990 filings:
- Zero revenue and assets, indicating potential inactivity or very early stage without operations.
- Lack of financial data prevents any meaningful assessment of financial health or program impact.
Strengths
The following positive indicators were identified for Thrift Clothes Closet:
- Existence of an EIN suggests formal establishment as a nonprofit.
Frequently Asked Questions about Thrift Clothes Closet
Is Thrift Clothes Closet a legitimate charity?
Based on AI analysis of IRS 990 filings, Thrift Clothes Closet (EIN: 20732223) significant concerns. Mission Score: 20/100. 2 red flags identified, 1 strength noted.
How does Thrift Clothes Closet spend its money?
Detailed spending breakdown data is not yet available for Thrift Clothes Closet. Check back for updated IRS 990 analysis.
Are donations to Thrift Clothes Closet tax-deductible?
Thrift Clothes Closet is registered as a tax-exempt nonprofit (EIN: 20732223). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Thrift Clothes Closet a good charity?
Based on the provided data of $0 revenue and assets, it is not possible to determine if Thrift Clothes Closet is an effective charity. There is no financial activity to evaluate its impact or efficiency.
What are Thrift Clothes Closet's primary programs?
The NTEE code P29 suggests 'Thrift Shops & Stores', but with $0 revenue and assets, there is no financial evidence to indicate active programs or services being delivered.
How does Thrift Clothes Closet fund its operations?
With $0 in latest revenue, the organization does not appear to have any current funding sources or operational activities that require funding.
Data Sources and Methodology
This transparency report for Thrift Clothes Closet 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.