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Injoy Thrift Goldsboro Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 473845528 ✦ Goldsboro, NC ✦ Designated as a 501(c)(3)

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Overview

What is Injoy Thrift Goldsboro Inc?

Injoy Thrift Goldsboro Inc is a nonprofit organization situated in Goldsboro, North Carolina, specifically at 1711 East Ash Street. The primary activity of this organization involves operating a thrift store, which accepts, processes, and sells donated items, including clothing and household goods. The donations are mainly sourced from residents of Wayne County and its surrounding areas. One of the key objectives of Injoy Thrift Goldsboro Inc is to provide affordable merchandise to local customers. The revenue generated through the sale of these donated items supports various Christian ministries, both locally and internationally. The organization boasts a workforce of 37 dedicated individuals.


Official website here: www.injoythriftstores.com

What are the reviews and ratings of this charity?

Charity Navigator Rating: 81%, Three-Star out of Four Star Rating

Injoy Thrift Goldsboro Inc has achieved an 81% rating from Charity Navigator, indicating a solid level of accountability and financial health. The organization has a strong independent board, with 83% of its members being independent, which enhances its governance structure. The absence of material diversion of assets and a favorable liabilities to assets ratio further underscores the financial stability of the nonprofit.

The charity demonstrates transparency through listed policies, including conflict of interest and whistleblower policies, which are vital for fostering trust among donors and stakeholders. Additionally, the organization has an impressive program expense ratio of 85.65%, reflecting a commitment to directing resources towards its core mission rather than administrative expenses.

While the rating indicates strength in governance and financial practices, potential donors should consider that the Three-Star rating suggests room for improvement. Continuous assessment and enhancement of their operations could help raise their standing further, ensuring they can maximize their impact in the community.


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

Is Injoy Thrift Goldsboro Inc legitimate?

Injoy Thrift Goldsboro Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Injoy Thrift Goldsboro 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: $61,560
Professional Fundraising Fees: $0
Other Salaries and Wages: $301,532

For more financial information, click here


Official website here: www.injoythriftstores.com

What is the mission statement of Injoy Thrift Goldsboro Inc?

Injoy Thrift Goldsboro Inc operates a thrift store that serves a dual purpose. The organization receives donated clothes and household goods, which are then sold to provide funding for both local and international Christian ministries. By operating this thrift store, Injoy Thrift Goldsboro Inc offers affordable clothing and household items to its local customers. This business model not only benefits its customers by providing them with necessary items at reasonable prices but also contributes to supporting various Christian ministries worldwide. The organization's mission is grounded in its commitment to utilizing the proceeds from the sales of donated goods to support the faith-based initiatives of both local and international communities.


Official website here: www.injoythriftstores.com

Who is the CEO of Injoy Thrift Goldsboro Inc?

Greg Kincaid is the Treasurer of Injoy Thrift Goldsboro Inc.


Official website here: www.injoythriftstores.com

What is the revenue of Injoy Thrift Goldsboro Inc?

Injoy Thrift Goldsboro Inc's revenue in 2022 was $941,704.


Official website here: www.injoythriftstores.com

Who are the executives of Injoy Thrift Goldsboro Inc and what are their salaries?

The average compensation at Injoy Thrift Goldsboro Inc during 2022 was $9,813. There are 37 employees and 22 volunteers at Injoy Thrift Goldsboro Inc.


Here are 6 key members and their salaries:


Tim Morris (Treasurer)
  • Compensation: $61,560
  • Related: $0
  • Other: $0
Raymond Deck (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Keith Hudson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Greg Kincaid (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thayer Stamper (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Willoughby (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.injoythriftstores.com

Where can I find the form 990 for Injoy Thrift Goldsboro Inc?

Injoy Thrift Goldsboro Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.injoythriftstores.com

Learn more at the official website: www.injoythriftstores.com

Mission Statement of Injoy Thrift Goldsboro Inc

Injoy Thrift Goldsboro Inc, a nonprofit organization, operates a thrift store with a noble mission. This mission involves receiving donated clothes and household items from individuals in Wayne County and surrounding areas. The collected items are then processed and sold at the thrift store located in Goldsboro, North Carolina. The primary purpose of this thrift store is to provide affordable clothing and household goods to local customers. The revenue generated from these sales is channeled towards supporting various Christian ministries, both locally and internationally. By operating this thrift store, Injoy Thrift Goldsboro Inc extends a helping hand to those in need while also aiding the growth and success of numerous Christian organizations.

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Impact




July, 2024

Injoy Thrift Goldsboro Inc's impact can be seen in its operation of a thrift store in Goldsboro, North Carolina. The organization receives donated clothes and household goods from donors in Wayne and surrounding counties. By selling these donated goods at affordable prices in their thrift store, they are able to generate funding to support local and international Christian ministries.

Through this model, Injoy Thrift Goldsboro Inc is not only providing the local community with access to affordable clothing and household items but also contributing to supporting charitable causes. This impact extends beyond just providing material goods, as the funds raised through the thrift store operations are channeled into supporting various human services and ministries, both locally and internationally.




This information is meant to be a general summary of Injoy Thrift Goldsboro 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.

Revenue
$941,704 (2022)
Expenses
$942,522 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $941,704

Assets and Liabilities:

  • Total Assets: $178,446
  • Total Liabilities: $8,270
  • Net Assets: $170,176

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Organization Details

Founding Year

2015

Principal Officer

Greg Kincaid

Main Address

1711 EAST ASH STREET, GOLDSBORO, NC, 27530

NTEE Category

Code: P29 - Human services

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