Overview
What is Ridgefield Thrift Shop Inc?
Ridgefield Thrift Shop Inc is a nonprofit organization located at 21B Governor Street, Ridgefield, Connecticut. Their primary mission is to support local charitable organizations by recycling, repurposing, and reselling generously donated goods. The funds generated from sales, exceeding operational expenses and reserve additions, are then distributed to these charitable organizations for operational support. This thrift shop acts as a bridge, reusing items and channeling the profits towards the betterment of their community.
Official website here: www.ridgefieldthriftshop.com
What are the reviews and ratings of this charity?
Charity Navigator Rating 77% - Three-Star out of Four Star Rating
Ridgefield Thrift Shop Inc has received a Three-Star rating from Charity Navigator, reflecting a solid performance primarily in accountability and finance. The charity's overall score is derived solely from its strong accountability measures, indicating a commendable commitment to transparency and responsible financial management.
The organization boasts a fully independent board, with all members adhering to high governance standards. There are no reported diversions of assets, and the organization maintains a high program expense ratio, meaning that a significant portion of its funds directly supports its mission. This dedication to effective resource allocation enhances its credibility and reinforces the trust placed in it by donors and the community.
While the rating is positive, the single focus on accountability and finance means that other areas of performance, such as program impact and community engagement, aren't assessed within this score. Thus, potential supporters may want to explore additional information about the charity's programs and their effectiveness.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Ridgefield Thrift Shop Inc?
88% of reviewers on Facebook recommend Ridgefield Thrift Shop Inc. Here's a summary of their comments:
Many patrons describe the thrift shop as a beautiful place that offers a positive shopping experience. The atmosphere is appreciated, suggesting that visitors feel welcomed and enjoy browsing through the items available.
Overall, the sentiments expressed indicate satisfaction with the shopping environment and the offerings at the store. This suggests that Ridgefield Thrift Shop Inc. successfully meets the expectations of its supporters and contributes positively to the community.
This AI summary has been generated from reviews found on Facebook.
Is Ridgefield Thrift Shop Inc legitimate?
Ridgefield Thrift Shop Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ridgefield 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.ridgefieldthriftshop.com
What is the mission statement of Ridgefield Thrift Shop Inc?
Ridgefield Thrift Shop Inc's mission is centered around supporting local charitable organizations. They achieve this by engaging in recycling, repurposing, and reselling generously donated goods. The excess revenues from sales beyond operational expenses and reserve additions are distributed to these local charitable organizations, providing them with essential operating support. In essence, Ridgefield Thrift Shop Inc plays a crucial role in redistributing funds to aid the missions of various 501(C)(3) organizations in the community.
Official website here: www.ridgefieldthriftshop.com
Who is the CEO of Ridgefield Thrift Shop Inc?
Lucas Tanner is the Board Member of Ridgefield Thrift Shop Inc.
Official website here: www.ridgefieldthriftshop.com
What is the revenue of Ridgefield Thrift Shop Inc?
Ridgefield Thrift Shop Inc's revenue in 2022 was $908,350.
Official website here: www.ridgefieldthriftshop.com
Who are the executives of Ridgefield Thrift Shop Inc and what are their salaries?
There 120 volunteers at Ridgefield Thrift Shop Inc.
Here are 11 key members and their salaries:
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Official website here: www.ridgefieldthriftshop.com
Where can I find the form 990 for Ridgefield Thrift Shop Inc?
Ridgefield Thrift Shop Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ridgefieldthriftshop.com
Learn more at the official website: www.ridgefieldthriftshop.com
Mission Statement of Ridgefield Thrift Shop Inc
Ridgefield Thrift Shop Inc, a nonprofit organization, is committed to supporting other local charitable organizations. They accomplish this mission through the process of recycling, repurposing, and reselling generously donated goods. The proceeds generated from these sales, exceeding the operating expenses and any additional reserves, are then distributed to these local charitable organizations. By doing so, Ridgefield Thrift Shop Inc plays a crucial role in providing operational support to these organizations, thereby contributing to their continued impact within their respective communities.
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Impact
July, 2024
Ridgefield Thrift Shop Inc's impact is profound in supporting other local 501(c)(3) organizations through recycling, re-purposing, and reselling generously donated goods. The net proceeds from the sales of donated merchandise, exceeding operating expenses and reserves, are distributed to local charitable organizations in need of operating support. This direct contribution helps in enhancing the services and programs of various charitable causes in the Ridgefield community.
This information is meant to be a general summary of Ridgefield 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: $771
- Program Service Revenue: $906,827
- Gross Receipts: $908,350
Assets and Liabilities:
- Total Assets: $812,308
- Total Liabilities: $0
- Net Assets: $812,308
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
THRIFT STORE SALES
Revenue
$906,827
Organization Details
Founding Year
1938
Phone
(203) 438-3328Principal Officer
Lucas Tanner
Main Address
21B GOVERNOR STREET, RIDGEFIELD, CT, 06877
Website
www.ridgefieldthriftshop.comNTEE Category
Code: P29Z - Human services
If you are a representative of Ridgefield Thrift Shop Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.