Overview
What is Thriftology Inc?
Thriftology Inc is a charitable organization located in Fredericksburg, Ohio, specifically at 7927 County Road 201. Their primary activity involves operating a thrift store, where they accept donations of second-hand clothing and household items from the community. The profits generated from selling these donated goods are used to support various ministries that cater to vulnerable children, including orphans and those in need. This nonprofit organization is deeply committed to extending its mission of aiding at-risk children, not just locally, but also on a national and global scale. With a dedicated team of 57 employees, Thriftology Inc is a testament to the power of community efforts in making a significant difference in the lives of underprivileged children.
Official website here: www.missionthriftshop.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Stars)
Thriftology Inc has earned a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The rating reflects a strong commitment to transparency, as evidenced by perfect scores in several key areas, including conflict of interest policies and the appropriate handling of board documents. The organization demonstrates effective financial management, with a high program expense ratio, ensuring that a significant portion of funds directly supports its mission.
The financial metrics are notably strong, with a low liabilities to assets ratio and no fundraising costs, which highlights the nonprofit's efficiency in utilizing donations for its programs. This suggests that Thriftology Inc is effectively managing its resources to maximize impact in its community. The organization has a well-established framework for governance and compliance, further reinforcing its credibility among stakeholders.
However, while the organization has performed well in terms of accountability and financial scoring, the overall rating does not provide insight into the effectiveness or impact of its programs on the community. Potential donors and volunteers may wish to seek additional information about specific initiatives and outcomes to better understand the organization's overall mission effectiveness.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Thriftology Inc?
96% of 59 reviewers on Facebook recommend Thriftology Inc. Here is a summary of their reviews:
Customers appreciate the organized and tidy atmosphere of the store, making it easy to find items. One reviewer highlighted their quick and satisfying experience, noting they found a backpack for just three dollars within minutes of arriving.
Overall, the positive sentiment reflects that many users find value in shopping at Thriftology Inc, as they not only enjoy the variety of affordable goods but also appreciate the efficient service provided by the nonprofit.
This AI summary has been generated from reviews found on Facebook.
Is Thriftology Inc legitimate?
Thriftology Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Thriftology 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: $1,055,316
For more financial information, click here
Official website here: www.missionthriftshop.com
What is the mission statement of Thriftology Inc?
Thriftology Inc, as a non-profit organization, is dedicated to serving at-risk children and orphans, not just within the local community but also on a national and global scale. The thrift store serves as a platform, accepting donations of clothing and household items from the public. The primary objective is to utilize the proceeds from the sales to support various ministries that offer aid to these vulnerable children. By doing so, Thriftology Inc aims to make a significant impact on the lives of these children, providing them with the necessary support and care they need.
Official website here: www.missionthriftshop.com
Who is the CEO of Thriftology Inc?
Derrick Miller is the Chairman of Thriftology Inc.
Official website here: www.missionthriftshop.com
What is the revenue of Thriftology Inc?
Thriftology Inc's revenue in 2022 was $2,087,376.
Official website here: www.missionthriftshop.com
Who are the executives of Thriftology Inc and what are their salaries?
The average compensation at Thriftology Inc during 2022 was $18,514. There are 57 employees and 40 volunteers at Thriftology Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.missionthriftshop.com
Where can I find the form 990 for Thriftology Inc?
Thriftology Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.missionthriftshop.com
Learn more at the official website: www.missionthriftshop.com
Mission Statement of Thriftology Inc
Thriftology Inc, a non-profit organization, is dedicated to serving at-risk children and orphans on a global scale. Their primary mission is achieved through the operation of a thrift store, which accepts donations of clothing and household items from the public. The revenue generated from selling these goods is then utilized to support various ministries that provide aid to vulnerable children. By operating in this manner, Thriftology Inc is able to extend its reach and make a significant impact on the lives of at-risk children and orphans, both locally and internationally.
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Impact
July, 2024
Thrifotology Inc's impact lies in its mission to serve at-risk children and orphans in the community, the nation, and the world. Through its thrift store operations, Thriftology accepts donations of clothing and home goods from the public, which are then sold to support ministries that provide aid to children in need. By leveraging the generosity of donors and the support of shoppers, Thriftology Inc is able to make a tangible difference in the lives of vulnerable children, offering them hope and assistance through its humanitarian endeavors.
This information is meant to be a general summary of Thriftology 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: $4,124,301
Assets and Liabilities:
- Total Assets: $901,394
- Total Liabilities: $82,255
- Net Assets: $819,139
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Organization Details
Founding Year
2016
Phone
(330) 231-3847Principal Officer
Derrick Miller
Main Address
7927 COUNTY ROAD 201, FREDERICKSBURG, OH, 44627
Website
www.missionthriftshop.comNTEE Category
Code: P29 - Human services
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