Overview
What is Island Thrift?
Island Thrift is a locally-focused nonprofit organization situated in Oak Harbor, Washington. Established with a mission to contribute to the community, Island Thrift operates a thrift store as its primary means of fundraising. The revenue generated from the store is then utilized to provide financial assistance and support to various worthy charities and organizations within Island County. By doing so, Island Thrift plays a significant role in reinvesting back into the community they cherish, thereby strengthening its social fabric. The organization employs a team of 17 dedicated individuals to execute its charitable mission.
Official website here: www.islandthriftoakharbor.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Stars
Island Thrift has achieved an 81% score, reflecting a solid Three-Star rating based primarily on its accountability and finance beacon. This high score indicates the organization effectively manages its resources and adheres to sound financial practices. The most recent fiscal year data shows a commitment to transparency and governance, with a fully independent board and no material diversion of assets.
Strengths highlighted include a strong independent board with 13 members and comprehensive policies in place for conflicts of interest, whistleblower protections, and document management. Island Thrift also boasts an impressive program expense ratio of 95.74%, indicating that the majority of its funds are directed towards its mission rather than administrative costs.
Overall, the organization demonstrates effective governance and financial health, which are crucial for fostering donor trust. No significant limitations were noted in the data, suggesting a well-managed nonprofit that prioritizes accountability and efficient use of resources.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Island Thrift?
82% of 14 reviewers on Facebook recommend Island Thrift. Here is a summary of their reviews:
The sentiment leans towards disappointment, particularly regarding customer service experiences. One reviewer highlighted a negative interaction, describing a situation where the cashier struggled with a checkout issue and received unhelpful and rude behavior from another staff member. This incident seems to have significantly impacted the overall impression of the store's service quality.
While there may be some positive aspects that other reviewers appreciate, the emphasis on poor customer service suggests that improvement in this area could enhance their overall reputation among customers.
This AI summary has been generated from reviews found on Facebook.
Is Island Thrift legitimate?
Island Thrift is a legitimate nonprofit organization registered as a 501(c)(3) entity. Island Thrift 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: $524,537
For more financial information, click here
Official website here: www.islandthriftoakharbor.org
What is the mission statement of Island Thrift?
Island Thrift's mission is to operate a thrift store with the primary objective of raising funds for charitable purposes. This mission is carried out by utilizing the revenue generated from the thrift store to provide support and make contributions to worthy community organizations. Island Thrift is committed to reinvesting in the community they love, as evident through their practice of grant funding to various organizations and charities in Island County, Washington.
Official website here: www.islandthriftoakharbor.org
Who is the CEO of Island Thrift?
Peg Shannon is the President of Island Thrift.
Official website here: www.islandthriftoakharbor.org
What is the revenue of Island Thrift?
Island Thrift's revenue in 2022 was $1,370,857.
Official website here: www.islandthriftoakharbor.org
Who are the executives of Island Thrift and what are their salaries?
The average compensation at Island Thrift during 2022 was $30,855. There are 17 employees at Island Thrift.
Here are 15 key members and their salaries:
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Official website here: www.islandthriftoakharbor.org
Where can I find the form 990 for Island Thrift?
Island Thrift's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.islandthriftoakharbor.org
Learn more at the official website: www.islandthriftoakharbor.org
Mission Statement of Island Thrift
Island Thrift, a thrift store, serves a unique purpose beyond selling second-hand items. Its mission is centered around generating funds, which it accomplishes through the operation of the store. The primary objective of Island Thrift is to raise funds, channeling them towards supporting and contributing to various worthy community organizations and charities. This philanthropic approach allows Island Thrift to reinvest in the community it loves, making it an integral part of Island County, Washington. By providing grant funding to numerous local organizations and charities, Island Thrift plays a vital role in contributing to the betterment of its community.
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Impact
July, 2024
Island Thrift's impact is significant as it directly contributes to supporting various community organizations and charities in Island County, WA. By operating a thrift store to generate funds, Island Thrift plays a crucial role in providing grant funding to numerous local organizations. This support helps these organizations carry out their missions and activities, ultimately benefiting the community at large. Island Thrift's efforts reflect a commitment to reinvesting in the community and making a positive difference in the lives of those in need.
This information is meant to be a general summary of Island Thrift. 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: $1,826
- Gross Receipts: $1,370,857
Assets and Liabilities:
- Total Assets: $1,313,693
- Total Liabilities: $18,919
- Net Assets: $1,294,774
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Organization Details
Founding Year
1977
Phone
(360) 675-1133Principal Officer
Peg Shannon
Main Address
600 SE BARRINGTON, OAK HARBOR, WA, 98277
NTEE Category
Code: P29Z - Human services
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