Overview
What is New Life Thrift Store Ltd?
New Life Thrift Store Ltd is a nonprofit organization located in Pottsville and Hamburg, Pennsylvania. It operates two thrift shops, where donated used clothing and household items are sold. The primary purpose of this organization is to generate profits from these sales, which are then distributed to various charitable organizations that fall under section 501 (c)(3) of the Internal Revenue Code, as outlined in their organizational charter. The store's mission is to contribute to the betterment of the community by providing an affordable shopping option while supporting other charitable causes.
Is New Life Thrift Store Ltd legitimate?
New Life Thrift Store Ltd is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Life Thrift Store Ltd submitted a form 990EZ, 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.
What is the mission statement of New Life Thrift Store Ltd?
New Life Thrift Store Ltd, as per its mission statement, utilizes proceeds from the sale of donated clothing and household items in its two Pottsville and Hamburg, Pennsylvania, stores. These profits are mandated to be distributed to organizations categorized under section 501 (c)(3) of the Internal Revenue Code, as outlined in the organization's documentation. The primary purpose of this operation is to support the designated charitable causes, as per the guidelines established by the Internal Revenue Code.
Who is the CEO of New Life Thrift Store Ltd?
Jeanne Porter is the President of New Life Thrift Store Ltd.
What is the revenue of New Life Thrift Store Ltd?
New Life Thrift Store Ltd's revenue in 2022 was $121,143.
Who are the executives of New Life Thrift Store Ltd and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990EZ for New Life Thrift Store Ltd?
New Life Thrift Store Ltd's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of New Life Thrift Store Ltd
New Life Thrift Store Ltd, as an organization, is primarily focused on operating two thrift shops in unspecified locations. These stores specialize in selling second-hand clothing and household items that are donated to the organization. The primary objective behind these sales is not for profit, but rather, the profits generated are mandated to be distributed to charitable organizations as per the guidelines set out in section 501 (c)(3) of the Internal Revenue Code, as outlined in New Life Thrift Store Ltd's organizational documents. In essence, New Life Thrift Store Ltd serves as a bridge, transforming donated items into financial aid for qualifying charitable entities.
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Impact
October, 2024
New Life Thrift Store Ltd has a significant impact on both the local community and the environment. Operating two thrift shops in Pottsville and Hamburg, Pennsylvania, the store focuses on providing affordable clothing and household furnishings, making essential goods accessible to individuals and families in need.
By selling donated items, the store promotes sustainable consumption practices, reducing waste and extending the life cycle of products. This eco-friendly approach helps to minimize the environmental footprint associated with fast fashion and disposability, encouraging a culture of reuse and recycling within the community.
The profits generated from sales are redistributed to designated organizations that align with the store's mission, supporting various human services that benefit the broader community. This financial support helps address critical local needs, fostering a spirit of giving and collaboration.
In summary, New Life Thrift Store Ltd plays a crucial role in promoting sustainability, providing affordable goods, and supporting community organizations, making a positive impact on both social and environmental fronts.
This information is meant to be a general summary of New Life Thrift Store Ltd. 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.
- Program Service Revenue: $121,143
- Gross Receipts: $121,143
Assets and Liabilities:
- Total Assets: $14,114
- Total Liabilities: $40,676
- Net Assets: -$26,562
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Organization Details
Phone
(570) 640-1155Principal Officer
Jeanne Porter
Main Address
313 RIVER RD, AUBURN, PA, 17922
NTEE Category
Code: P29 - Human services
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