First West Thrift Store

Charity Navigator Rating: 75% (Three-Star out of Four Star rating)

First West Thrift Store has achieved a Three-Star rating from Charity Navigator, reflecting a strong emphasis on accountability and finance, with a score of 75%. This rating is based solely on a single beacon score, indicating that the organization is financially responsible and transparent in its operations. The most recent fiscal year reported is FY2023.

The organization has demonstrated solid financial health, with a program expense ratio of 92.41%, indicating a strong commitment to its mission by allocating a significant portion of its funding toward programs rather than administrative costs. Additionally, it has a very low fundraising efficiency ratio of $0.002, which suggests that the organization is able to raise funds very cost-effectively. Further, the organization's financial statements are regularly audited, and there are no reported issues regarding the diversion of assets or loans to/from officers.

While the overall financial metrics are strong, the working capital ratio of 0.58 years may indicate a potential challenge in covering short-term obligations. However, the organization scores full marks in other areas such as documenting board meeting minutes and maintaining a low liabilities to assets ratio of 2.72%, which underscores its operational transparency and sound financial management.

This AI summary has been generated from information found on Charity Navigator.

First West Thrift Store is a legitimate nonprofit organization registered as a 501(c)(3) entity. First West Thrift Store 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: $400,345

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