Treasures Thrift Store Inc
Treasures Thrift Store Inc. consistently operates near break-even with no reported officer compensation.
EIN: 208493418 · Pelham, AL · Updated: 2026-03-28
Is Treasures Thrift Store Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Treasures Thrift Store Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Treasures Thrift Store Inc
Treasures Thrift Store Inc (EIN: 208493418) is a nonprofit organization based in Pelham, AL. 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 Treasures Thrift Store Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Treasures Thrift Store Inc is a small nonprofit, with 7 years of IRS 990 filings on record (2011–2017). Revenue has grown at a compound annual rate of 3.6%.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
| Total Revenue | $308K |
| Total Expenses | $323K |
| Surplus / Deficit | $-14,284 |
| Total Assets | $27K |
| Total Liabilities | $6K |
| Net Assets | $20K |
| Operating Margin | -4.6% |
| Debt-to-Asset Ratio | 23.7% |
| Months of Reserves | 1.0 months |
Financial Health Grade: C
In 2017, Treasures Thrift Store Inc reported a deficit of $14K with expenses exceeding revenue, holds 1.0 months of operating reserves (limited), has a debt-to-asset ratio of 23.7% (moderate leverage).
Financial Trends
Over 7 years of filings (2011–2017), Treasures Thrift Store Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2017 | -10.7% | -6.9% | -54.1% |
| 2016 | -6.0% | -6.4% | +40.2% |
| 2015 | +8.2% | +10.5% | -5.1% |
| 2014 | +7.4% | +9.3% | +14.5% |
| 2013 | +11.6% | +13.4% | +37.0% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Treasures Thrift Store Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Treasures Thrift Store Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $14K, with expenses exceeding revenue.
- Debt-to-asset ratio: 23.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are either unpaid volunteers or receive no reportable compensation, which is highly favorable for an organization of this size.
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 Treasures Thrift Store Inc's IRS 990 filings:
- Latest filing shows $0 revenue and assets, requiring clarification.
- NTEE code is unknown, hindering peer comparison and mission understanding.
Strengths
The following positive indicators were identified for Treasures Thrift Store Inc:
- Consistent reporting of 0% officer compensation.
- Historically operates near break-even, indicating financial stability.
- Maintains relatively low liabilities compared to assets.
Frequently Asked Questions about Treasures Thrift Store Inc
Is Treasures Thrift Store Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Treasures Thrift Store Inc (EIN: 208493418) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Treasures Thrift Store Inc spend its money?
Treasures Thrift Store Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Treasures Thrift Store Inc tax-deductible?
Treasures Thrift Store Inc is registered as a tax-exempt nonprofit (EIN: 208493418). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the reason for the $0 revenue and assets in the latest filing?
The latest filing shows $0 revenue and $0 assets, which is a significant departure from previous years where revenues were in the hundreds of thousands. This could indicate a change in operational status, a very recent filing that doesn't reflect a full year's activity, or a data anomaly. Further investigation into the specific filing document would be needed.
What are the specific program activities funded by Treasures Thrift Store Inc.?
The provided data does not detail the specific program activities. As a thrift store, its primary program is likely the operation of the store itself, with proceeds potentially supporting other charitable causes or community initiatives. Without an NTEE code or program expense breakdown, the exact nature of its mission-related spending is unclear.
How does the organization manage its liabilities?
Liabilities have historically been relatively low compared to assets, ranging from $3,755 in 2011 to $23,227 in 2016. This suggests the organization generally maintains a healthy balance sheet with manageable debt.
Filing History
IRS 990 filing history for Treasures Thrift Store Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2017), Treasures Thrift Store Inc's revenue has grown by 23.3%, moving from $250K to $308K. Total assets increased by 85.8% over the same period, from $14K to $27K. Total functional expenses rose by 30.5%, from $247K to $323K. In its most recent filing year (2017), Treasures Thrift Store Inc reported a deficit of $14K, with expenses exceeding revenue. The organization holds $6K in liabilities against $27K in assets (debt-to-asset ratio: 23.7%), resulting in net assets of $20K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2017 | $308K | $323K | $27K | $6K | — | View 990 |
| 2016 | $345K | $346K | $58K | $23K | — | View 990 |
| 2015 | $367K | $370K | $41K | $6K | — | View 990 |
| 2014 | $340K | $335K | $43K | $5K | — | View 990 |
| 2013 | $316K | $306K | $38K | $5K | — | View 990 |
| 2012 | $283K | $270K | $28K | $4K | — | View 990 |
| 2011 | $250K | $247K | $14K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2017: Revenue of $308K, expenses of $323K, and assets of $27K (revenue -10.7% year-over-year).
- 2016: Revenue of $345K, expenses of $346K, and assets of $58K (revenue -6.0% year-over-year).
- 2015: Revenue of $367K, expenses of $370K, and assets of $41K (revenue +8.2% year-over-year).
- 2014: Revenue of $340K, expenses of $335K, and assets of $43K (revenue +7.4% year-over-year).
- 2013: Revenue of $316K, expenses of $306K, and assets of $38K (revenue +11.6% year-over-year).
- 2012: Revenue of $283K, expenses of $270K, and assets of $28K (revenue +13.3% year-over-year).
- 2011: Revenue of $250K, expenses of $247K, and assets of $14K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Treasures Thrift Store Inc:
Data Sources and Methodology
This transparency report for Treasures Thrift Store Inc 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.