Thrifty Nook
EIN: 882761314 · Loogootee, IN · NTEE: X01
| Metric | Value |
|---|---|
| Total Revenue | $161K |
| Total Expenses | $81K |
| Net Assets | $81K |
Is Thrifty Nook Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Thrifty Nook
Thrifty Nook (EIN: 882761314) is a nonprofit organization based in Loogootee, IN, classified under NTEE code X01. The organization reported total revenue of $161K and total assets of $26K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Thrifty Nook's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Thrifty Nook is a small nonprofit that has been operating for 4 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 106.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $143K |
| Total Expenses | $81K |
| Surplus / Deficit | +$62K |
| Total Assets | $82K |
| Total Liabilities | $864 |
| Net Assets | $81K |
| Operating Margin | 43.4% |
| Debt-to-Asset Ratio | 1.1% |
| Months of Reserves | 12.2 months |
Financial Health Grade: A
In 2023, Thrifty Nook reported a surplus of $62K with revenue exceeding expenses, holds 12.2 months of operating reserves (strong position), has a debt-to-asset ratio of 1.1% (very low leverage).
Financial Trends
Over 2 years of filings (2022–2023), Thrifty Nook's revenue has grown at a compound annual growth rate (CAGR) of 106.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +106.3% | +60.8% | +300.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Thrifty Nook 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 Thrifty Nook 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 $62K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.1%.
Frequently Asked Questions about Thrifty Nook
Is Thrifty Nook a legitimate charity?
Based on AI analysis of IRS 990 filings, Thrifty Nook (EIN: 882761314) insufficient data. 0 red flags identified, 0 strengths noted.
How does Thrifty Nook spend its money?
Detailed spending breakdown data is not yet available for Thrifty Nook. Check back for updated IRS 990 analysis.
Are donations to Thrifty Nook tax-deductible?
Thrifty Nook is registered as a tax-exempt nonprofit (EIN: 882761314). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Thrifty Nook located?
Thrifty Nook is headquartered in Loogootee, Indiana and files with the IRS under EIN 882761314. It is classified under NTEE code X01.
How many years of IRS 990 filings does Thrifty Nook have?
Thrifty Nook has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $161K in total revenue.
Filing History
IRS 990 filing history for Thrifty Nook showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Thrifty Nook's revenue has grown by 106.3%, moving from $69K to $143K. Total assets increased by 300.4% over the same period, from $20K to $82K. Total functional expenses rose by 60.8%, from $50K to $81K. In its most recent filing year (2023), Thrifty Nook reported a surplus of $62K, with revenue exceeding expenses. The organization holds $864 in liabilities against $82K in assets (debt-to-asset ratio: 1.1%), resulting in net assets of $81K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $143K | $81K | $82K | $864 | — | — |
| 2022 | $69K | $50K | $20K | $1K | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Thrifty Nook:
Data Sources and Methodology
This transparency report for Thrifty Nook 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.