Overview
What is New Life Thrift Shop?
New Life Thrift Shop is a charitable organization situated in Chambersburg, Pennsylvania. With a team of 15 dedicated individuals, their primary objective is to run a thrift store, selling donated clothing, furniture, and household items. The primary purpose of this retail endeavor is to generate funds. These collected funds are then channeled towards supporting other non-profit organizations based in Pennsylvania. These organizations specialize in providing essential relief supplies to communities worldwide. By doing so, New Life Thrift Shop plays a crucial role in extending its reach beyond its local community, aiding those in need globally.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating (Needs Improvement).
New Life Thrift Shop has received a rating that indicates a need for improvement, scoring 71% overall. The organization has a solid structure in terms of governance, boasting 100% independent board members and a favorable liabilities to assets ratio. Additionally, it maintains a high program expense ratio, indicating that a significant portion of its budget is allocated to its charitable programs.
However, there are notable weaknesses in accountability and transparency. The nonprofit has not provided financial statements, nor does it have policies in place for whistleblower protections or document retention. Furthermore, the absence of a posted tax form on its website raises concerns about its financial openness. These limitations contribute to the overall need for improvement in the organization’s practices.
This AI summary has been generated from information found on Charity Navigator.
Is New Life Thrift Shop legitimate?
New Life Thrift Shop is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Life Thrift Shop 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: $209,239
For more financial information, click here
What is the mission statement of New Life Thrift Shop?
New Life Thrift Shop's mission is centered around operating a second-hand store, selling donated items such as clothing, furniture, and household goods. The primary objective is to raise funds from these sales. These funds are then channeled towards supporting various non-profit organizations in Pennsylvania, which in turn, provide relief supplies worldwide. The thrift shop serves as a means to generate resources, ultimately helping other charitable organizations in their relief efforts.
Who is the CEO of New Life Thrift Shop?
Wanda Horst is the Director of New Life Thrift Shop.
What is the revenue of New Life Thrift Shop?
New Life Thrift Shop's revenue in 2022 was $616,880.
Who are the executives of New Life Thrift Shop and what are their salaries?
The average compensation at New Life Thrift Shop during 2022 was $13,949. There are 15 employees and 50 volunteers at New Life Thrift Shop.
Here are 10 key members and their salaries:
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Where can I find the form 990 for New Life Thrift Shop?
New Life Thrift Shop's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of New Life Thrift Shop
New Life Thrift Shop, a non-profit organization, is committed to operating a thrift store. This store serves as a platform to sell donated items such as clothing, furniture, and household goods. The primary objective of New Life Thrift Shop is to utilize the proceeds generated from these sales. These funds are then channeled towards supporting other non-profit organizations that are based in Pennsylvania. These organizations are instrumental in providing relief supplies worldwide. By operating the thrift store, New Life Thrift Shop effectively contributes to the broader mission of these organizations, thereby extending its reach and impact beyond its immediate operations.
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Impact
July, 2024
New Life Thrift Shop's impact extends beyond its storefront in CHAMBERSBURG, PA. By selling donated clothing, furniture, and household items, this organization raises funds to support other Pennsylvania nonprofit organizations that provide relief supplies worldwide. Through these contributions, New Life Thrift Shop plays a vital role in supporting human services and helping those in need on a global scale.
This information is meant to be a general summary of New Life Thrift Shop. 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: $37
- Program Service Revenue: $611,924
- Gross Receipts: $662,561
Assets and Liabilities:
- Total Assets: $982,064
- Total Liabilities: $454,121
- Net Assets: $527,943
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Thrift Shop Sales
Revenue
$611,924
Organization Details
Founding Year
2011
Phone
(717) 496-8841Principal Officer
Wanda Horst
Main Address
1108 Sheller Ave, Chambersburg, PA, 17201
NTEE Category
Code: P20 - Human services
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