Veterans Community Thrift Store
EIN: 814164446 · Hibbing, MN · NTEE: P29
| Metric | Value |
|---|---|
| Total Revenue | $781K |
| Total Expenses | $315K |
| Net Assets | $706K |
Is Veterans Community Thrift Store Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Veterans Community Thrift Store
Veterans Community Thrift Store (EIN: 814164446) is a nonprofit organization based in Hibbing, MN, classified under NTEE code P29. The organization reported total revenue of $781K and total assets of $732K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Veterans Community Thrift Store's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Veterans Community Thrift Store is a small nonprofit that has been operating for 10 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 13.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $455K |
| Total Expenses | $315K |
| Surplus / Deficit | +$139K |
| Total Assets | $711K |
| Total Liabilities | $5K |
| Net Assets | $706K |
| Operating Margin | 30.6% |
| Debt-to-Asset Ratio | 0.7% |
| Months of Reserves | 27.0 months |
Financial Health Grade: A
In 2023, Veterans Community Thrift Store reported a surplus of $139K with revenue exceeding expenses, holds 27.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.7% (very low leverage).
Financial Trends
Over 7 years of filings (2017–2023), Veterans Community Thrift Store's revenue has grown at a compound annual growth rate (CAGR) of 13.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +66.1% | +0.7% | +24.8% |
| 2022 | -35.0% | +12.7% | -6.9% |
| 2021 | +51.0% | +35.3% | +18.3% |
| 2020 | -31.9% | -27.2% | +14.0% |
| 2019 | +6.9% | +24.3% | +16.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Veterans Community Thrift Store 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 Veterans Community Thrift Store 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 $139K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.7%.
Frequently Asked Questions about Veterans Community Thrift Store
Is Veterans Community Thrift Store a legitimate charity?
Based on AI analysis of IRS 990 filings, Veterans Community Thrift Store (EIN: 814164446) insufficient data. 0 red flags identified, 0 strengths noted.
How does Veterans Community Thrift Store spend its money?
Detailed spending breakdown data is not yet available for Veterans Community Thrift Store. Check back for updated IRS 990 analysis.
Are donations to Veterans Community Thrift Store tax-deductible?
Veterans Community Thrift Store is registered as a tax-exempt nonprofit (EIN: 814164446). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Veterans Community Thrift Store located?
Veterans Community Thrift Store is headquartered in Hibbing, Minnesota and files with the IRS under EIN 814164446. It is classified under NTEE code P29.
How many years of IRS 990 filings does Veterans Community Thrift Store have?
Veterans Community Thrift Store has 7 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 $781K in total revenue.
Filing History
IRS 990 filing history for Veterans Community Thrift Store showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Veterans Community Thrift Store's revenue has grown by 109.5%, moving from $217K to $455K. Total assets increased by 166% over the same period, from $267K to $711K. Total functional expenses rose by 161.8%, from $120K to $315K. In its most recent filing year (2023), Veterans Community Thrift Store reported a surplus of $139K, with revenue exceeding expenses. The organization holds $5K in liabilities against $711K in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $706K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $455K | $315K | $711K | $5K | — | — |
| 2022 | $274K | $313K | $570K | $4K | — | View 990 |
| 2021 | $421K | $278K | $612K | $6K | — | View 990 |
| 2020 | $279K | $205K | $517K | $54K | — | View 990 |
| 2019 | $409K | $282K | $454K | $64K | — | View 990 |
| 2018 | $383K | $227K | $390K | $127K | — | View 990 |
| 2017 | $217K | $120K | $267K | $160K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $455K, expenses of $315K, and assets of $711K (revenue +66.1% year-over-year).
- 2022: Revenue of $274K, expenses of $313K, and assets of $570K (revenue -35.0% year-over-year).
- 2021: Revenue of $421K, expenses of $278K, and assets of $612K (revenue +51.0% year-over-year).
- 2020: Revenue of $279K, expenses of $205K, and assets of $517K (revenue -31.9% year-over-year).
- 2019: Revenue of $409K, expenses of $282K, and assets of $454K (revenue +6.9% year-over-year).
- 2018: Revenue of $383K, expenses of $227K, and assets of $390K (revenue +76.5% year-over-year).
- 2017: Revenue of $217K, expenses of $120K, and assets of $267K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Veterans Community Thrift Store:
Data Sources and Methodology
This transparency report for Veterans Community Thrift Store 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.