Overview
What is The Thrift Shop Of Boston Inc?
The Thrift Shop of Boston Inc, located at 33 Corinth Street, Boston, MA 02131, is a nonprofit organization dedicated to generating income for a children's social service organization in the Boston area. Their primary activity involves selling donated merchandise, which serves as a source of financial support for this noble cause. With a team of 13 dedicated individuals, the organization contributes to the betterment of children's lives in Boston through this unique venture.
Official website here: www.thriftshopofboston.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 69%)
The Thrift Shop of Boston Inc has received a rating of 69%, which indicates that it needs improvement in certain areas. While the organization boasts a fully independent board with no material diversions of assets and a strong program expense ratio of 96.48%, it struggles significantly with transparency and governance. The organization has not provided financial statements, which has led to a score of zero in that category, indicating a lack of accessible financial information for potential donors.
The absence of key governance policies, such as a conflict of interest policy and a whistleblower policy, raises concerns regarding accountability. Additionally, the nonprofit has not posted its tax form on its website, further complicating transparency efforts. While it has demonstrated positive aspects in its board composition and management of assets, the limitations in financial reporting and governance practices could affect donor trust and support.
Overall, while The Thrift Shop of Boston Inc has strengths that reflect its commitment to its programming, the organization needs to address its transparency and governance issues to improve its rating and build greater confidence among its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Thrift Shop Of Boston Inc?
96% of 15 reviewers on Facebook recommend The Thrift Shop Of Boston Inc. Here is a summary of their reviews:
Many patrons appreciate the excellent selection of items available, noting the variety and quality of merchandise. The shop’s frequent specials also draw positive comments, making it an appealing destination for bargain hunters. Additionally, the welcoming atmosphere is highlighted, with several reviewers praising the cleanliness and organization of the store.
The friendly and helpful staff consistently receive accolades, contributing to an overall positive shopping experience. It seems that this nonprofit effectively meets the expectations of its visitors, making it a favored spot within the community.
This AI summary has been generated from reviews found on Facebook.
Is The Thrift Shop Of Boston Inc legitimate?
The Thrift Shop Of Boston Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Thrift Shop Of Boston Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $66,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $108,827
For more financial information, click here
Official website here: www.thriftshopofboston.org/
What is the mission statement of The Thrift Shop Of Boston Inc?
The Thrift Shop of Boston Inc's mission is centered around selling donated merchandise with the primary objective of benefiting children's social service organizations in the Boston area. By selling these donated items, income is generated which is subsequently distributed to a children's organization based in Boston. This endeavor aims to contribute positively to the well-being and support system of children in the local community.
Official website here: www.thriftshopofboston.org/
Who is the CEO of The Thrift Shop Of Boston Inc?
Daniel Singleton is the President of The Thrift Shop Of Boston Inc.
Official website here: www.thriftshopofboston.org/
What is the revenue of The Thrift Shop Of Boston Inc?
The Thrift Shop Of Boston Inc's revenue in 2022 was $608,764.
Official website here: www.thriftshopofboston.org/
Who are the executives of The Thrift Shop Of Boston Inc and what are their salaries?
The average compensation at The Thrift Shop Of Boston Inc during 2022 was $13,448. There are 13 employees and 21 volunteers at The Thrift Shop Of Boston Inc.
Here are 8 key members and their salaries:
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- Compensation: $66,000
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- Other: $66,000
Official website here: www.thriftshopofboston.org/
Where can I find the form 990 for The Thrift Shop Of Boston Inc?
The Thrift Shop Of Boston Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thriftshopofboston.org/
Learn more at the official website: www.thriftshopofboston.org/
Mission Statement of The Thrift Shop Of Boston Inc
The Thrift Shop of Boston Inc is a mission-driven organization that focuses on selling donated merchandise. Its primary objective is to generate income, which is subsequently distributed to various children's social service organizations within the Boston area. By engaging in this activity, the shop serves as a crucial source of support for these organizations, contributing to their ongoing efforts to enhance the lives of children in need. The shop's operation relies on the donation of items, which are then sold at affordable prices, thereby benefiting both the donors and the recipient organizations. In essence, The Thrift Shop of Boston Inc plays a significant role in the Boston community by channeling resources towards the betterment of children's social services.
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Impact
July, 2024
The Thrift Shop Of Boston Inc's impact lies in its ability to raise funds for a Boston area children's social service organization through the sale of donated merchandise. This income generated by the thrift shop is distributed to support the needs of children in the Boston community. By providing a platform for individuals to donate and purchase items, The Thrift Shop Of Boston Inc plays a crucial role in supporting the welfare of children in the area.
This information is meant to be a general summary of The Thrift Shop Of Boston Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $247
- Program Service Revenue: $575,342
- Gross Receipts: $608,764
Assets and Liabilities:
- Total Assets: $463,981
- Total Liabilities: $1,862
- Net Assets: $462,119
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Organization Details
Founding Year
1934
Phone
(617) 325-5300Principal Officer
Daniel Singleton
Main Address
33 CORINTH STREET, BOSTON, MA, 02131
Website
www.thriftshopofboston.org/NTEE Category
Code: P29Z - Human services
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