Overview
What is Cure Thrift Inc?
Cure Thrift Inc is a charitable secondhand shop located somewhere, as the information does not specify its location. Their primary objective is to generate funds for research aimed at discovering a cure for Type 1 Diabetes. They achieve this by selling donated goods and merchandise. The revenue generated from these sales supports various research facilities committed to eradicating Type 1 Diabetes. The organization also covers the expenses required to maintain and operate its thrift store. Cure Thrift Inc serves as a significant contributor to the scientific community's efforts to combat Type 1 Diabetes.
Official website here: www.curethriftshop.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Cure Thrift Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in its financial practices and organizational transparency. The overall score of 62% reflects concerns, particularly in the areas of accountability and finance, where the organization scored 62%. While it has a strong program expense ratio of 100%, indicating that all funds go directly to its programs, other areas highlight significant weaknesses.
One of the strengths of Cure Thrift Inc is that it has a majority of independent board members, achieving a score of 8 out of 8 points in that category. However, the organization falls short in several critical areas, such as lacking a conflict of interest policy, whistleblower policy, and document retention policy, each scoring zero points. This raises concerns about governance practices and the potential for conflicts within the organization.
Moreover, the absence of financial statements and tax forms on the nonprofit’s website (both scoring zero points) further diminishes transparency, which could affect public trust. Although there are no reported material diversions of assets and it maintains a healthy liabilities to assets ratio of 29.25%, the noted deficiencies necessitate attention to improve the overall governance and operational framework of Cure Thrift Inc.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Cure Thrift Inc?
90% of 56 reviewers on Facebook recommend Cure Thrift Inc. Here is a summary of their reviews:
Many patrons appreciate the inclusive mission of Cure Thrift Inc, which focuses on supporting critical health initiatives. Several users express satisfaction with the shop’s unique offerings, making it a go-to spot for thrift shopping. The nonprofit's commitment to community engagement and its cause resonates well with those who frequent the store.
However, there are moments of concern regarding customer interactions. A few reviewers have reported unsatisfactory experiences with staff, citing instances of rudeness and lack of attentiveness. Despite this, the overall sentiment remains positive, with a strong majority enjoying their visits and advocating for the organization's objectives.
This AI summary has been generated from reviews found on Facebook.
Is Cure Thrift Inc legitimate?
Cure Thrift Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cure 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: $0
For more financial information, click here
Official website here: www.curethriftshop.com
What is the mission statement of Cure Thrift Inc?
Cure Thrift Inc, a philanthropic second-hand shop, is dedicating its efforts to raising funds for research aimed at finding a cure for Type 1 Diabetes. This is achieved by selling donated goods and merchandise in their store. The organization's mission is to provide financial support to various research facilities that are committed to eradicating this disease. Their activities primarily focus on covering the expenses related to the operation and maintenance of their thrift store.
Official website here: www.curethriftshop.com
Who is the CEO of Cure Thrift Inc?
Elizabeth Wolff is the Vice President of Cure Thrift Inc.
Official website here: www.curethriftshop.com
What is the revenue of Cure Thrift Inc?
Cure Thrift Inc's revenue in 2022 was $655,955.
Official website here: www.curethriftshop.com
Who are the executives of Cure Thrift Inc and what are their salaries?
There are 20 employees at Cure Thrift Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $34,615
- Related: $0
- Other: $0
Official website here: www.curethriftshop.com
Where can I find the form 990 for Cure Thrift Inc?
Cure Thrift Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.curethriftshop.com
Learn more at the official website: www.curethriftshop.com
Mission Statement of Cure Thrift Inc
Cure Thrift, Inc., a philanthropic second-hand shop, is dedicated to a noble mission. Their primary objective is to generate funds for various research facilities that are relentlessly working towards discovering a cure for Type 1 Diabetes. By selling donated goods and merchandise, Cure Thrift, Inc. contributes financially to these organizations, thereby aiding in their crucial research efforts. The nonprofit's activities are geared towards supporting this mission, as evident in its programs that cover the costs associated with operating and maintaining its thrift store.
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Impact
July, 2024
Cure Thrift Inc's impact is evident through its dedication to raising funds for Type 1 Diabetes research. By operating a philanthropic second-hand shop, Cure Thrift Inc generates the necessary funding to support various research facilities focused on finding a cure for the disease. This direct contribution to the advancement of medical research is crucial in improving the lives of individuals affected by Type 1 Diabetes. Their efforts not only raise awareness about the disease but also provide tangible support to those working towards a cure.
This information is meant to be a general summary of Cure 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 2022.
- Gross Receipts: $1,251,987
Assets and Liabilities:
- Total Assets: $248,866
- Total Liabilities: $72,815
- Net Assets: $176,051
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Organization Details
Founding Year
2013
Phone
(212) 873-1472Principal Officer
Elizabeth Wolff
Main Address
91 THIRD AVENUE, NEW YORK, NY, 10003
Website
www.curethriftshop.comNTEE Category
Code: P29 - Human services
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