Tip Top Thrift Shop
EIN: 470469827 · Omaha, NE
| Metric | Value |
|---|---|
| Total Revenue | $78K |
| Total Expenses | $85K |
| Net Assets | $50K |
Is Tip Top Thrift Shop Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Tip Top Thrift Shop
Tip Top Thrift Shop (EIN: 470469827) is a nonprofit organization based in Omaha, NE. The organization reported total revenue of $78K and total assets of $51K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tip Top Thrift Shop's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tip Top Thrift Shop is a micro nonprofit that has been operating for 60 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $81K |
| Total Expenses | $85K |
| Surplus / Deficit | $-3,992 |
| Total Assets | $50K |
| Net Assets | $50K |
| Operating Margin | -4.9% |
| Months of Reserves | 7.1 months |
Financial Health Grade: B
In 2023, Tip Top Thrift Shop reported a deficit of $4K with expenses exceeding revenue, holds 7.1 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2011–2023), Tip Top Thrift Shop's revenue has grown at a compound annual growth rate (CAGR) of 2.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.2% | +2.3% | -7.4% |
| 2022 | +14.5% | +36.9% | -4.0% |
| 2021 | +14.0% | -18.0% | +21.3% |
| 2020 | -15.1% | +11.2% | -20.6% |
| 2019 | -1.4% | -12.7% | +12.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1966 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Tip Top Thrift Shop 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 Tip Top Thrift Shop 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 $4K, with expenses exceeding revenue.
Frequently Asked Questions about Tip Top Thrift Shop
Is Tip Top Thrift Shop a legitimate charity?
Tip Top Thrift Shop (EIN: 470469827) is a registered tax-exempt nonprofit based in Nebraska. It has 12 years of IRS 990 filings on record. Total revenue: $78K. No red flags identified. Financial health grade: B.
How does Tip Top Thrift Shop spend its money?
Tip Top Thrift Shop reported $78K 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 Tip Top Thrift Shop tax-deductible?
Tip Top Thrift Shop is registered as a tax-exempt nonprofit (EIN: 470469827). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Tip Top Thrift Shop located?
Tip Top Thrift Shop is headquartered in Omaha, Nebraska and files with the IRS under EIN 470469827.
How many years of IRS 990 filings does Tip Top Thrift Shop have?
Tip Top Thrift Shop 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 $78K in total revenue.
Filing History
IRS 990 filing history for Tip Top Thrift Shop showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Tip Top Thrift Shop's revenue has grown by 41.7%, moving from $57K to $81K. Total assets increased by 1209.4% over the same period, from $4K to $50K. Total functional expenses rose by 149.9%, from $34K to $85K. In its most recent filing year (2023), Tip Top Thrift Shop reported a deficit of $4K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $81K | $85K | $50K | $0 | — | View 990 |
| 2022 | $81K | $83K | $54K | $0 | — | — |
| 2021 | $71K | $61K | $56K | $0 | — | — |
| 2020 | $62K | $74K | $46K | $0 | — | View 990 |
| 2019 | $73K | $66K | $58K | $0 | — | View 990 |
| 2018 | $74K | $76K | $52K | $0 | — | View 990 |
| 2017 | $76K | $75K | $54K | $0 | — | View 990 |
| 2016 | $60K | $63K | $53K | $0 | — | View 990 |
| 2014 | $46K | $41K | $60K | $0 | — | View 990 |
| 2013 | $58K | $57K | $54K | $0 | — | View 990 |
| 2012 | $43K | $27K | $53K | $0 | — | View 990 |
| 2011 | $57K | $34K | $4K | $22K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $81K, expenses of $85K, and assets of $50K (revenue +0.2% year-over-year).
- 2022: Revenue of $81K, expenses of $83K, and assets of $54K (revenue +14.5% year-over-year).
- 2021: Revenue of $71K, expenses of $61K, and assets of $56K (revenue +14.0% year-over-year).
- 2020: Revenue of $62K, expenses of $74K, and assets of $46K (revenue -15.1% year-over-year).
- 2019: Revenue of $73K, expenses of $66K, and assets of $58K (revenue -1.4% year-over-year).
- 2018: Revenue of $74K, expenses of $76K, and assets of $52K (revenue -3.3% year-over-year).
- 2017: Revenue of $76K, expenses of $75K, and assets of $54K (revenue +27.2% year-over-year).
- 2016: Revenue of $60K, expenses of $63K, and assets of $53K (revenue +29.2% year-over-year).
- 2014: Revenue of $46K, expenses of $41K, and assets of $60K (revenue -20.2% year-over-year).
- 2013: Revenue of $58K, expenses of $57K, and assets of $54K (revenue +36.6% year-over-year).
- 2012: Revenue of $43K, expenses of $27K, and assets of $53K (revenue -25.4% year-over-year).
- 2011: Revenue of $57K, expenses of $34K, and assets of $4K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tip Top Thrift Shop:
Data Sources and Methodology
This transparency report for Tip Top Thrift Shop 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.