Overview
What is The Thrift Shop?
The Thrift Shop is a nonprofit organization situated in Aspen, Colorado (specifically at PO Box 126). Its primary activity involves collecting and selling donated items from the public. The revenue generated from these sales is then channeled towards supporting various charitable, civic, scientific, and educational ventures within the community. Furthermore, this organization extends its generosity to local students by assisting them with their higher education expenses. The Thrift Shop's mission is multifaceted, aiming to fund local projects and empower young individuals in their educational pursuits.
Official website here: www.aspenthriftshop.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star
The Thrift Shop has received a rating of 58% from Charity Navigator, resulting in a One-Star out of Four Stars designation. This score reflects significant concerns regarding the organization's financial transparency and efficiency, particularly due to the absence of financial statements which has heavily impacted its overall score. However, it should be noted that the organization has a fully independent board, which is a positive aspect of its governance structure.
On the positive side, the Thrift Shop has demonstrated strong accountability measures, including a comprehensive conflict of interest policy, whistleblower protections, and clear documentation of board meeting minutes. These factors indicate a commitment to ethical management and transparency in governance practices. The organization also exhibits a low liabilities to assets ratio, suggesting sound financial management in terms of obligations.
Despite these strengths, the organization's program expense ratio is relatively low at 51.90%, indicating that a smaller proportion of its expenditures is directed towards its charitable programs as opposed to administrative costs. This could raise questions among donors regarding the efficiency and impact of their contributions. Overall, while The Thrift Shop has foundational governance strengths, significant improvements in financial reporting and program expense allocation are needed to enhance its appeal and effectiveness as a nonprofit.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Thrift Shop?
82% of reviewers on Facebook recommend The Thrift Shop. Here is a summary of their reviews:
Many users express a genuine affection for the thrift shop, highlighting its positive atmosphere and the quality of items available for purchase. Customers feel that shopping at The Thrift Shop is not only enjoyable but also supports a greater cause, contributing to the community in meaningful ways.
Overall, the feedback indicates that patrons appreciate the selection and value offered, often returning for both the deals and the friendly service. For those looking to support a charitable organization while finding unique items, The Thrift Shop seems to be well-regarded among its visitors.
This AI summary has been generated from reviews found on Facebook.
Is The Thrift Shop legitimate?
The Thrift Shop is a legitimate nonprofit organization registered as a 501(c)(3) entity. The 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:
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For more financial information, click here
Official website here: www.aspenthriftshop.org
What is the mission statement of The Thrift Shop?
The Thrift Shop's mission is centered around providing support for local initiatives. The organization aims to raise funds for civic and educational projects within the community. Additionally, it extends its assistance to local students by helping them meet their higher education needs. This is achieved by collecting and selling donated items from the public. The proceeds generated from these sales are then donated to various charitable, civic, scientific, and educational organizations.
Official website here: www.aspenthriftshop.org
Who is the CEO of The Thrift Shop?
Lynda Maccarthy is the Co-Treasurer of The Thrift Shop.
Official website here: www.aspenthriftshop.org
What is the revenue of The Thrift Shop?
The Thrift Shop's revenue in 2022 was $824,986.
Official website here: www.aspenthriftshop.org
Who are the executives of The Thrift Shop and what are their salaries?
Here are 17 key members and their salaries:
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Official website here: www.aspenthriftshop.org
Where can I find the form 990 for The Thrift Shop?
The Thrift Shop's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aspenthriftshop.org
Learn more at the official website: www.aspenthriftshop.org
Mission Statement of The Thrift Shop
The Thrift Shop, as an organization, is committed to a dual mission. Its primary goal is to raise funds for various local civic and educational projects. By collecting and selling donated articles from the public, the organization generates proceeds that are then channeled towards charitable, civic, scientific, and educational organizations.
In addition to this, The Thrift Shop also extends its support to local students with higher education needs. Recognizing the financial challenges that many students face in pursuing their academic goals, the organization uses the funds it raises to assist these students, thereby contributing to the development of the local community's human resources.
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Impact
July, 2024
The Thrift Shop's impact is profound in the Aspen community. By collecting and selling donated items, they are able to generate funds that directly support important local civic and educational projects. Additionally, their assistance in providing funds for local students with higher education needs is truly valuable in promoting educational opportunities and advancement in the area. The Thrift Shop's efforts contribute to the betterment of the community by supporting charitable, civic, scientific, and educational organizations, making a significant impact in a variety of important areas.
This information is meant to be a general summary of The 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: -$1,394
- Gross Receipts: $983,809
Assets and Liabilities:
- Total Assets: $2,492,397
- Total Liabilities: $9,687
- Net Assets: $2,482,710
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Organization Details
Founding Year
1983
Phone
(970) 925-8292Principal Officer
Lynda Maccarthy
Main Address
PO BOX 126, ASPEN, CO, 81612
Website
www.aspenthriftshop.orgNTEE Category
Code: P20 - Human services
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