Overview
What is Good Stuff Thrift Inc?
Good Stuff Thrift Inc is a nonprofit organization situated in Doylestown, Pennsylvania, specifically at 3633 North Easton Road. Their primary mission is to run an efficient network of Thrift Stores with the primary objective of generating substantial charitable funding. This funding is then allocated to support needy children within their local communities. They pride themselves on operating these stores efficiently, with a current workforce of 75 individuals. Their operations extend beyond selling second-hand items, as they aim to make a significant impact on the lives of underprivileged children in their vicinity.
Official website here: www.goodstuffthrift.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
Good Stuff Thrift Inc has received a 79% rating from Charity Navigator, which indicates a solid organization that performs well across various metrics. The charity shows a strong commitment to accountability and finance with a score of 77, and it excels in community engagement with a perfect score of 100 in culture and community. Its high program expense ratio of 92.72% suggests that a significant portion of its funds directly supports its programs.
The organization boasts a fully independent board with 100% independent members, which reflects its governance strength. Additionally, Good Stuff Thrift Inc has implemented essential policies, such as conflict of interest and whistleblower policies, ensuring ethical operations. Feedback collection and usage are also noteworthy, with perfect scores in these areas, demonstrating the organization's responsiveness to community needs.
However, while the overall ratings are positive, potential donors may want to consider the accountability score and the financial health of the organization, represented by a liabilities to assets ratio of 35.38%. This indicates a moderate level of debt, which is something to monitor for the long-term sustainability of the nonprofit's mission.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Good Stuff Thrift Inc?
88% of 54 reviewers on Facebook recommend Good Stuff Thrift Inc. Here is a summary of their reviews:
Many individuals express a positive sentiment towards the nonprofit, highlighting the quality of items available and the admirable cause it supports. Reviewers often mention the friendly and helpful nature of the staff, contributing to a welcoming atmosphere that enhances the overall shopping experience.
Overall, the organization seems to resonate well with its community, effectively providing valuable goods while supporting a meaningful mission. This combination of great products and positive interactions encourages many to recommend Good Stuff Thrift Inc.
This AI summary has been generated from reviews found on Facebook.
Is Good Stuff Thrift Inc legitimate?
Good Stuff Thrift Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Good Stuff Thrift 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: $2,876,544
For more financial information, click here
Official website here: www.goodstuffthrift.org
What is the mission statement of Good Stuff Thrift Inc?
Good Stuff Thrift Inc's mission is centered around the operation of efficient thrift stores. The primary goal is to maximize charitable funding, which is then utilized to aid needy children in various communities. By operating these stores efficiently, the organization strives to provide the highest level of financial assistance possible. In essence, Good Stuff Thrift Inc aims to make a significant impact in the lives of vulnerable children through its thrift store operations.
Official website here: www.goodstuffthrift.org
Who is the CEO of Good Stuff Thrift Inc?
Thomas E Hudson is the CEO of Good Stuff Thrift Inc The CEO's salary of Good Stuff Thrift Inc is $0 and their total compensation is $0.
Official website here: www.goodstuffthrift.org
What is the revenue of Good Stuff Thrift Inc?
Good Stuff Thrift Inc's revenue in 2023 was $6,808,491.
Official website here: www.goodstuffthrift.org
Who are the executives of Good Stuff Thrift Inc and what are their salaries?
The average compensation at Good Stuff Thrift Inc during 2023 was $13,763. There are 209 employees and 110 volunteers at Good Stuff Thrift Inc.
Here are 5 key members and their salaries (Good Stuff Thrift Inc's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.goodstuffthrift.org
Where can I find the form 990 for Good Stuff Thrift Inc?
Good Stuff Thrift Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.goodstuffthrift.org
Learn more at the official website: www.goodstuffthrift.org
Mission Statement of Good Stuff Thrift Inc
Good Stuff Thrift Inc is dedicated to carrying out an efficient line of second-hand stores with the primary objective of raising substantial charitable funds. This nonprofit organization aims to channel these funds towards supporting underprivileged children residing in various communities. By running its thrift stores efficiently, Good Stuff Thrift Inc strives to provide the maximum amount of financial aid possible to assist these children in need.
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Impact
July, 2024
Good Stuff Thrift Inc's impact lies in providing significant charitable funding to assist needy children in their communities. By operating efficient thrift stores, they are able to generate funds that directly benefit children in need. This impact is essential in supporting the well-being and development of vulnerable children in the Doylestown, PA area.
This information is meant to be a general summary of Good Stuff Thrift 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 2023.
- Investment Income: $5,925
- Program Service Revenue: $5,909,447
- Gross Receipts: $6,839,812
Assets and Liabilities:
- Total Assets: $1,787,847
- Total Liabilities: $632,560
- Net Assets: $1,155,287
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
THRIFT SALES
Revenue
$5,614,086
RECYCLED GOODS
Revenue
$181,784
RENTS
Revenue
$86,704
BOOKS
Revenue
$26,873
Organization Details
Founding Year
2013
Principal Officer
Thomas E Hudson
Website
www.goodstuffthrift.orgNTEE Category
Code: P29 - Human services
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