Overview
What is Main Street Closet?
Main Street Closet, situated in Willow Street, Pennsylvania, is a thrift store dedicated to serving the community. Its primary purpose is to offer donated items, such as clothing and household goods, at affordable prices to the general public. The thrift store operates on a volunteer-based system, with the exception of the store managers. The sales revenue generated from these items is generously donated to various charitable organizations, with a significant portion going to Mennonite Central Committee (MCC) and other local 501(c)3 organizations. In 2022, Main Street Closet donated an impressive sum of $431,220 to these causes. The store's ability to donate was enhanced in 2016, following renovations to its new facility.
Official website here: www.mainstreetcloset.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating, Overall Score: 69%
Main Street Closet has received a two-star rating from Charity Navigator, indicating a need for improvement in its financial accountability and operational transparency. The organization scored 69% overall, with particular strengths in governance, featuring a fully independent board and a significant program expense ratio of 93.94%. This suggests that a large portion of their expenditures is directed towards their programs, which can be seen as a positive aspect of their operations.
However, the nonprofit faces several limitations that contribute to its low rating. Notably, it lacks essential policies such as conflict of interest, whistleblower, and document retention, which are crucial for good governance. Additionally, financial statements and the tax form are not available on its website, which raises concerns about transparency and accountability.
While Main Street Closet demonstrates strong governance with 100% independent board members, the absence of key financial documents and policies indicates areas that require urgent attention. Efforts to enhance transparency and accountability could improve their standing in future assessments.
This AI summary has been generated from information found on Charity Navigator.
Is Main Street Closet legitimate?
Main Street Closet is a legitimate nonprofit organization registered as a 501(c)(3) entity. Main Street Closet 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: $189,401
For more financial information, click here
Official website here: www.mainstreetcloset.org
What is the mission statement of Main Street Closet?
Main Street Closet operates as a thrift store, offering donated items like clothing and household goods at affordable prices to the public. The primary objective behind this selling activity is to assist needy families who cannot afford such merchandise otherwise. The store's operations rely on volunteers, with paid managers being an exception. All profits generated from sales are channeled towards supporting religious charitable organizations, such as the Mennonite Central Committee. The thrift store serves as a means of providing essential items to those in need while simultaneously contributing to charitable organizations.
Official website here: www.mainstreetcloset.org
Who is the CEO of Main Street Closet?
Melvin Neff is the Chairman of Main Street Closet.
Official website here: www.mainstreetcloset.org
What is the revenue of Main Street Closet?
Main Street Closet's revenue in 2022 was $1,161,890.
Official website here: www.mainstreetcloset.org
Who are the executives of Main Street Closet and what are their salaries?
The average compensation at Main Street Closet during 2022 was $17,218. There are 11 employees and 90 volunteers at Main Street Closet.
Here are 8 key members and their salaries:
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Official website here: www.mainstreetcloset.org
Where can I find the form 990 for Main Street Closet?
Main Street Closet's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mainstreetcloset.org
Learn more at the official website: www.mainstreetcloset.org
Mission Statement of Main Street Closet
Main Street Closet, a thrift store situated in Pennsylvania, serves a noble purpose by providing donated items, such as clothing and household goods, to the general public at affordable prices. This thrift store operates on the principle that the proceeds from these sales benefit families in need who are unable to afford such merchandise otherwise. The store's operation is primarily supported by volunteers, with only a few paid managers. The laborers, including the store managers, dedicate their time to this cause.
The Main Street Closet is unique in its mission to give back to the community. All the items sold in the store are donated, and the profits derived from these sales are donated to religious charitable organizations, such as the Mennonite Central Committee. This nonprofit thrift store aims to make a difference in the lives of those in need by providing them with essential items at affordable prices. By doing so, Main Street Closet contributes to the betterment of the community, one sale at a time.
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Impact
October, 2024
Main Street Closet significantly impacts the Willow Street community and beyond by providing access to affordable clothing and household items for those in need. Through the sale of donated goods at thrift store prices, it serves as a vital resource for families who may struggle to afford basic necessities.
In 2022 alone, the organization donated over $401,620 to the Mennonite Central Committee and an additional $30,600 to various local community organizations. This financial support plays a crucial role in funding charitable initiatives and helping those less fortunate in the area.
The renovations completed in early 2016 have further enhanced the store's ability to generate funds for charitable giving, thereby increasing its reach and effectiveness. With a completely volunteer workforce, except for the store managers, Main Street Closet exemplifies a community-driven effort to uplift and assist others, fostering a spirit of giving and support within the region.
This information is meant to be a general summary of Main Street Closet. 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: $25
- Program Service Revenue: $942,938
- Gross Receipts: $1,161,890
Assets and Liabilities:
- Total Assets: $1,719,164
- Total Liabilities: $237,398
- Net Assets: $1,481,766
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STORE SALES
Revenue
$942,638
OTHER DISCOUNT
Revenue
$300
Organization Details
Founding Year
2000
Phone
(717) 464-2038Principal Officer
Melvin Neff
Main Address
2842 WILLOW STREET PIKE PO BOX 215, WILLOW STREET, PA, 17584
Website
www.mainstreetcloset.orgNTEE Category
Code: P29 - Human services
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