Overview
What is Anaconda Thrift Center?
Anaconda Thrift Center is a nonprofit organization situated in Anaconda, Montana. Their primary mission is to aid and benefit the needy residing in Anaconda and the surrounding southwest Montana region. They operate a thrift store, providing affordable and sometimes even free second-hand clothing and goods to those in need. The store's earnings, after covering operational expenses, are allocated to extend assistance to the community. The thrift center is managed by a team of 11 dedicated individuals.
Official website here: www.none
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star Rating
Anaconda Thrift Center has achieved a 76% score from Charity Navigator, reflecting a solid Three-Star rating. This score is primarily based on its Accountability & Finance, which is rated at the same 76%. The organization boasts a fully independent board, with all members meeting the standards for independence and board size, and is in good standing regarding the absence of material asset diversions.
However, while the organization performs well in many areas, it faces some limitations. Notably, it lacks key policies such as a conflict of interest policy, whistleblower policy, and a document retention policy, which are essential for transparency and governance. Despite these areas for improvement, the charity demonstrates a high program expense ratio of 90.86%, indicating a strong commitment to its mission over administrative costs.
This AI summary has been generated from information found on Charity Navigator.
Is Anaconda Thrift Center legitimate?
Anaconda Thrift Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Anaconda Thrift Center 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: $96,122
For more financial information, click here
Official website here: www.none
What is the mission statement of Anaconda Thrift Center?
The Anaconda Thrift Center's mission is centered around aiding and benefiting those in need, specifically in the region of Anaconda and southwest Montana. This is achieved through the operation of a thrift store, which provides low-cost and occasionally free second-hand clothing and goods. The center's net profits, after covering operational expenses, are then utilized to offer additional assistance to the needy in the community.
Official website here: www.none
Who is the CEO of Anaconda Thrift Center?
Rich Rivers is the President of Anaconda Thrift Center.
Official website here: www.none
What is the revenue of Anaconda Thrift Center?
Anaconda Thrift Center's revenue in 2022 was $160,082.
Official website here: www.none
Who are the executives of Anaconda Thrift Center and what are their salaries?
The average compensation at Anaconda Thrift Center during 2022 was $8,738. There are 11 employees and 12 volunteers at Anaconda Thrift Center.
Here are 4 key members and their salaries:
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Official website here: www.none
Learn more at the official website: www.none
Mission Statement of Anaconda Thrift Center
Anaconda Thrift Center, a nonprofit organization, is committed to aiding and benefiting the needy residing in Anaconda and the surrounding regions of southwest Montana. The core activity of this center is operating a thrift store, which provides low-cost and, in some instances, free second-hand clothing and goods to those in need. The primary objective behind this venture is to utilize the net proceeds accrued after covering operating expenses, in order to provide additional benefits to the underprivileged population. In essence, Anaconda Thrift Center serves as a beacon of assistance, offering material support and uplifting the less fortunate community members in its vicinity.
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Impact
October, 2024
Anaconda Thrift Center plays a vital role in the community by providing access to low-cost and free second-hand clothing and goods for individuals and families in need throughout Anaconda and Southwest Montana. By offering essential items at minimal or no cost, the Thrift Center alleviates some financial burdens for those who may be struggling economically.
The center’s operations allow it to generate net proceeds, which are then reinvested into programs and services that directly benefit the local needy population. This network of support not only assists individuals in meeting their basic needs but also fosters a sense of community resilience and solidarity. Overall, Anaconda Thrift Center strengthens the fabric of the community by ensuring that resources are available to those experiencing hardships, ultimately enhancing the quality of life for many residents.
This information is meant to be a general summary of Anaconda Thrift Center. 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: $247
- Gross Receipts: $160,082
Assets and Liabilities:
- Total Assets: $164,649
- Total Liabilities: $2,608
- Net Assets: $162,041
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Organization Details
Phone
(406) 563-3537Principal Officer
Rich Rivers
Main Address
PO BOX 753, ANACONDA, MT, 59711
Website
www.noneNTEE Category
Code: P20 - Human services
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