Thrifty Sisters
EIN: 460695428 · Richmond, VA · NTEE: P29
| Metric | Value |
|---|---|
| Total Revenue | $2.1M |
| Total Expenses | $976K |
| Net Assets | $656K |
Is Thrifty Sisters Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Thrifty Sisters
Thrifty Sisters (EIN: 460695428) is a nonprofit organization based in Richmond, VA, classified under NTEE code P29. The organization reported total revenue of $2.1M and total assets of $888K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Thrifty Sisters's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Thrifty Sisters is a mid-size nonprofit that has been operating for 4 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 25.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $944K |
| Total Expenses | $976K |
| Surplus / Deficit | $-31,939 |
| Total Assets | $837K |
| Total Liabilities | $182K |
| Net Assets | $656K |
| Operating Margin | -3.4% |
| Debt-to-Asset Ratio | 21.7% |
| Months of Reserves | 10.3 months |
Financial Health Grade: B
In 2023, Thrifty Sisters reported a deficit of $32K with expenses exceeding revenue, holds 10.3 months of operating reserves (strong position), has a debt-to-asset ratio of 21.7% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), Thrifty Sisters's revenue has grown at a compound annual growth rate (CAGR) of 25.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.1% | +18.0% | -1.3% |
| 2022 | +18.2% | +15.3% | +4.7% |
| 2021 | +35.4% | +54.1% | +20.3% |
| 2020 | -9.6% | -3.2% | +11.3% |
| 2019 | +22.7% | +14.6% | +20.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Sisters 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 Sisters 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 deficit of $32K, with expenses exceeding revenue.
- Debt-to-asset ratio: 21.7%.
Frequently Asked Questions about Thrifty Sisters
Is Thrifty Sisters a legitimate charity?
Thrifty Sisters (EIN: 460695428) is a registered tax-exempt nonprofit based in Virginia. It has 12 years of IRS 990 filings on record. Total revenue: $2.1M. No red flags identified. Financial health grade: B.
How does Thrifty Sisters spend its money?
Thrifty Sisters reported $2.1M in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Thrifty Sisters tax-deductible?
Thrifty Sisters is registered as a tax-exempt nonprofit (EIN: 460695428). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Thrifty Sisters located?
Thrifty Sisters is headquartered in Richmond, Virginia and files with the IRS under EIN 460695428. It is classified under NTEE code P29.
How many years of IRS 990 filings does Thrifty Sisters have?
Thrifty Sisters 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 $2.1M in total revenue.
Filing History
IRS 990 filing history for Thrifty Sisters showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Thrifty Sisters's revenue has grown by 1125%, moving from $77K to $944K. Total assets increased by 976.1% over the same period, from $78K to $837K. Total functional expenses rose by 9144.8%, from $11K to $976K. In its most recent filing year (2023), Thrifty Sisters reported a deficit of $32K, with expenses exceeding revenue. The organization holds $182K in liabilities against $837K in assets (debt-to-asset ratio: 21.7%), resulting in net assets of $656K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $944K | $976K | $837K | $182K | — | View 990 |
| 2022 | $849K | $827K | $848K | $161K | — | — |
| 2021 | $719K | $717K | $810K | $144K | — | View 990 |
| 2020 | $531K | $465K | $673K | $8K | — | View 990 |
| 2019 | $587K | $481K | $605K | $5K | — | View 990 |
| 2018 | $479K | $419K | $501K | $9K | — | View 990 |
| 2017 | $407K | $393K | $459K | $26K | — | View 990 |
| 2016 | $455K | $324K | $463K | $48K | — | View 990 |
| 2015 | $344K | $281K | $332K | $48K | — | View 990 |
| 2014 | $324K | $246K | $277K | $55K | — | View 990 |
| 2013 | $240K | $163K | $207K | $63K | — | View 990 |
| 2012 | $77K | $11K | $78K | $11K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $944K, expenses of $976K, and assets of $837K (revenue +11.1% year-over-year).
- 2022: Revenue of $849K, expenses of $827K, and assets of $848K (revenue +18.2% year-over-year).
- 2021: Revenue of $719K, expenses of $717K, and assets of $810K (revenue +35.4% year-over-year).
- 2020: Revenue of $531K, expenses of $465K, and assets of $673K (revenue -9.6% year-over-year).
- 2019: Revenue of $587K, expenses of $481K, and assets of $605K (revenue +22.7% year-over-year).
- 2018: Revenue of $479K, expenses of $419K, and assets of $501K (revenue +17.6% year-over-year).
- 2017: Revenue of $407K, expenses of $393K, and assets of $459K (revenue -10.4% year-over-year).
- 2016: Revenue of $455K, expenses of $324K, and assets of $463K (revenue +32.2% year-over-year).
- 2015: Revenue of $344K, expenses of $281K, and assets of $332K (revenue +6.3% year-over-year).
- 2014: Revenue of $324K, expenses of $246K, and assets of $277K (revenue +34.6% year-over-year).
- 2013: Revenue of $240K, expenses of $163K, and assets of $207K (revenue +212.1% year-over-year).
- 2012: Revenue of $77K, expenses of $11K, and assets of $78K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Thrifty Sisters:
Data Sources and Methodology
This transparency report for Thrifty Sisters 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.