Overview
What is Overflow Thrift Store Inc?
Overflow Thrift Store Inc, situated in Ames, Iowa at 202 South Duff, is a nonprofit organization dedicated to supporting other charitable organizations. Their primary activity involves accepting donations and reselling them, generating profits that are then distributed to organizations aligned with their mission of aiding orphans, widows, and the economically disadvantaged. By offering a shopping venue for value-conscious consumers, they also provide an opportunity for volunteers to contribute to the community by serving the needy. With a team of 27 dedicated individuals, Overflow Thrift Store Inc continues to make a positive impact in their community.
Official website here: www.overflowthriftstore.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52%, One-Star out of Four Star rating.
Overflow Thrift Store Inc has received a low rating primarily due to its lack of independent board members and missing governance policies. The accountability and finance score is at 52, indicating weaknesses in transparency and oversight, which can affect donor confidence. Furthermore, the absence of financial statements is a significant concern for potential supporters.
Despite the low rating, the organization demonstrates a strong commitment to its mission, as evidenced by a high program expense ratio of 88.18%. This suggests that a substantial portion of its funds directly supports its programs. However, the charity's overall governance structure and missing policies such as conflict of interest and whistleblower protections are notable limitations that could hinder its effectiveness and credibility.
Overall, while Overflow Thrift Store Inc shows dedication to its cause through effective program spending, its governance issues and lack of transparency may deter potential donors. Addressing these concerns could significantly improve its standing and increase trust among supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Overflow Thrift Store Inc legitimate?
Overflow Thrift Store Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Overflow Thrift Store 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: $416,130
For more financial information, click here
Official website here: www.overflowthriftstore.org
What is the mission statement of Overflow Thrift Store Inc?
Overflow Thrift Store Inc's mission is centered around three key objectives. Firstly, it accepts and sells donated items to generate profits. Secondly, it offers a shopping destination for value-conscious customers. Lastly, it provides opportunities for volunteer service to assist those in need. The earnings derived from the sales are then channeled towards supporting organizations that share a common goal of aiding orphans, widows, and the impoverished.
Official website here: www.overflowthriftstore.org
Who is the CEO of Overflow Thrift Store Inc?
3 is the Principal Officer of Overflow Thrift Store Inc.
Official website here: www.overflowthriftstore.org
What is the revenue of Overflow Thrift Store Inc?
Overflow Thrift Store Inc's revenue in 2022 was $1,040,004.
Official website here: www.overflowthriftstore.org
Who are the executives of Overflow Thrift Store Inc and what are their salaries?
The average compensation at Overflow Thrift Store Inc during 2022 was $15,412. There are 27 employees and 150 volunteers at Overflow Thrift Store Inc.
Here are 5 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.overflowthriftstore.org
Where can I find the form 990 for Overflow Thrift Store Inc?
Overflow Thrift Store Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.overflowthriftstore.org
Learn more at the official website: www.overflowthriftstore.org
Mission Statement of Overflow Thrift Store Inc
Overflow Thrift Store Inc, as a nonprofit organization, is committed to a unique mission. Its primary goal is to accept and resell donated items, generating profits that are then channeled towards supporting the less fortunate. By doing so, the store offers value-conscious shoppers a selection of goods while simultaneously providing an avenue for volunteering and serving the needy. The organization also leverages these donations and earnings to contribute to other charitable entities whose objectives align with helping orphans, widows, and the impoverished, thereby extending its reach and impact in the community.
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Impact
July, 2024
Overflow Thrift Store Inc's impact is profound in the community of Ames, Iowa. Through its operation of accepting and reselling donations, the organization generates profits that are then channeled towards supporting other charitable initiatives that focus on assisting the marginalized and vulnerable groups such as orphans, widows, the poor, and others in need. Additionally, the thrift store provides a valuable shopping destination for those seeking affordable and quality items, while also offering opportunities for individuals to volunteer and contribute towards serving the less fortunate. Overall, Overflow Thrift Store Inc plays a crucial role in uplifting the community and making a positive difference in the lives of those who are in need.
This information is meant to be a general summary of Overflow Thrift Store 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.
- Investment Income: $220
- Program Service Revenue: $998,234
- Gross Receipts: $1,040,004
Assets and Liabilities:
- Total Assets: $521,600
- Total Liabilities: $243,054
- Net Assets: $278,546
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Thrift Store
Revenue
$998,234
Organization Details
Founding Year
2015
Phone
(515) 290-0732Principal Officer
3
Main Address
202 South Duff, Ames, IA, 50010
Website
www.overflowthriftstore.orgNTEE Category
Code: P29 - Human services
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