Overview
What is Hospital Thrift Shop Inc?
Hospital Thrift Shop Inc is a seasonal nonprofit organization situated in Nantucket, Massachusetts. Their primary mission is to offer affordable goods to the local community, operating a resale shop that sells donated clothing and merchandise. This service is led by an efficient and dedicated team of management and volunteers, who are responsible and respectful in their commitment to serve and support the community of Nantucket, as well as the Nantucket Cottage Hospital. The organization's operations are carried out through a full-time, seasonal service, which relies on the hard work and dedication of its team members to provide essential items to the community.
Official website here: www.hospitalthriftshop.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Hospital Thrift Shop Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The organization has achieved a score of 81%, reflecting effective practices in managing its financial resources and maintaining transparency. The high score is driven entirely by its accountability and finance metrics, showcasing the charity's commitment to responsible stewardship of funds.
One of the notable strengths of Hospital Thrift Shop Inc is its independent board structure, with all eight members being independent, which is crucial for avoiding conflicts of interest. The charity also demonstrates robust financial practices, evidenced by a perfect audit score and no material diversion of assets. These factors contribute to a high program expense ratio of 93.35%, indicating that a significant portion of its resources is directed toward its charitable mission.
While the organization excels in financial accountability, there is no information regarding its program impact or overall effectiveness in achieving its mission. This lack of data may limit potential donors' ability to assess the charity's broader influence in the community. Nonetheless, the financial integrity of Hospital Thrift Shop Inc is commendable and positions it as a trustworthy option for those looking to support a nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Hospital Thrift Shop Inc legitimate?
Hospital Thrift Shop Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hospital Thrift Shop 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: $101,149
Professional Fundraising Fees: $0
Other Salaries and Wages: $69,731
For more financial information, click here
Official website here: www.hospitalthriftshop.org
What is the mission statement of Hospital Thrift Shop Inc?
Hospital Thrift Shop Inc's mission is centered around providing affordable goods to the community. This is a full-time, seasonal service that operates efficiently and effectively, led by dedicated management and volunteers. The staff at the shop is responsible, respectful, and committed to serving and supporting the community. Their primary goal is to make a positive impact on the lives of individuals in Nantucket, contributing to the community and supporting the Nantucket Cottage Hospital. The thrift shop operates by selling donated used clothing and merchandise.
Official website here: www.hospitalthriftshop.org
Who is the CEO of Hospital Thrift Shop Inc?
Pam Leinbach is the Executive Director of Hospital Thrift Shop Inc.
Official website here: www.hospitalthriftshop.org
What is the revenue of Hospital Thrift Shop Inc?
Hospital Thrift Shop Inc's revenue in 2022 was $917,813.
Official website here: www.hospitalthriftshop.org
Who are the executives of Hospital Thrift Shop Inc and what are their salaries?
The average compensation at Hospital Thrift Shop Inc during 2022 was $56,960. There are 3 employees and 165 volunteers at Hospital Thrift Shop Inc.
Here are 12 key members and their salaries:
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Official website here: www.hospitalthriftshop.org
Where can I find the form 990 for Hospital Thrift Shop Inc?
Hospital Thrift Shop Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hospitalthriftshop.org
Learn more at the official website: www.hospitalthriftshop.org
Mission Statement of Hospital Thrift Shop Inc
Hospital Thrift Shop Inc, a dedicated organization, is committed to serving its community by offering affordable goods. Operating on a seasonal full-time basis, this mission is spearheaded by an efficient management team and a dedicated volunteer force. The staff at Hospital Thrift Shop Inc is known for their responsible, respectful, and servicing attitude, always ready to support the community of Nantucket and the Nantucket Cottage Hospital. The organization's primary activity involves operating a resale shop, selling donated used clothing and merchandise.
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Impact
July, 2024
Hospital Thrift Shop Inc's impact lies in providing affordable goods to the community of Nantucket. This seasonal full-time service, operated by efficient and dedicated management and volunteers, offers a valuable resource for individuals seeking affordable clothing and merchandise. By ensuring accessibility to essential items, Hospital Thrift Shop Inc plays a crucial role in supporting the community and Nantucket Cottage Hospital. Through its mission-driven operation, the organization contributes to enhancing the well-being of local residents and fostering a sense of community support and resilience.
This information is meant to be a general summary of Hospital Thrift Shop 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: $129
- Gross Receipts: $1,820,684
Assets and Liabilities:
- Total Assets: $873,056
- Total Liabilities: $601,680
- Net Assets: $271,376
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Organization Details
Founding Year
1944
Phone
(508) 228-1125Principal Officer
Pam Leinbach
Main Address
PO BOX 3, NANTUCKET, MA, 02554
Website
www.hospitalthriftshop.orgNTEE Category
Code: E20 - Health
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