Thrift Shop Of Boston Inc
- Assets
- $464.0k
- Revenue
- $608.8k
- Investments
- $0.0
- Employees
- 13
- Location
- Boston, MA
- Founding
- 01/1941
- Data as of
- 03/2022
- EIN
- 04-1903280
Organization Overview
Thrift Shop Of Boston Inc is located in Boston, MA. The organization was established in 1941. According to its NTEE Classification (P29) the organization is classified as: Thrift Shops, under the broad grouping of Human Services and related organizations. As of 03/2022, Thrift Shop Of Boston Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thrift Shop Of Boston Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 03/2022, Thrift Shop Of Boston Inc generated $608.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $333.7k during the year ending 03/2022. While expenses have increased by 7.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SELL DONATED MERCHANDISE FOR BENEFIT OF BOSTON AREA CHILDREN'S SOCIAL SERVICE ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INCOME GENERATED IS DISTRIBUTED TO A BOSTON AREA CHILDREN'S ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Roth Manager | Officer | 40 | $66,000 |
Daniel Singleton President | OfficerTrustee | 5 | $0 |
Carlotta Ames Clerk | OfficerTrustee | 5 | $0 |
Anne Ropertson Treasurer | OfficerTrustee | 5 | $0 |
Juan Tapia Board Member | Trustee | 5 | $0 |
Chris Lang Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $33,175 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $33,175 |
| Total Program Service Revenue | $575,342 |
| Investment income | $247 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $608,764 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $66,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $108,827 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,970 |
| Payroll taxes | $15,991 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,049 |
| Advertising and promotion | $3,718 |
| Office expenses | $572 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $65,875 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,705 |
| Insurance | $7,940 |
| All other expenses | $12,606 |
| Total functional expenses | $333,660 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $340,804 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $110,677 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,500 |
| Total assets | $463,981 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,862 |
| Total liabilities | $1,862 |
| Net assets without donor restrictions | $462,119 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $463,981 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Lynn Senior Services Inc Lynn, MA | $20,073,242 | $40,529,728 |
Cradles To Crayons Inc Newton, MA | $31,992,503 | $35,925,476 |
College Auxiliary Services Inc Plattsburgh, NY | $10,944,939 | $10,630,760 |
Housing Works Thrift Shop Inc Brooklyn, NY | $24,908,354 | $9,982,501 |
Wellspring Inc Hull, MA | $3,076,333 | $2,143,691 |
Housing Works Used Book Cafe Inc Brooklyn, NY | $1,257,687 | $417,079 |
Leeward Charitable Foundation Inc Salisbury, MA | $1,114,900 | $1,587,888 |
Waste-Not-Want-Not Inc New York, NY | $85,775 | $905,044 |
Vintage Thrift Shop Corporation New York, NY | $949,773 | $1,175,007 |
Hospital Thrift Shop Nantucket, MA | $873,056 | $917,813 |
Ridgefield Thrift Shop Inc Ridgefield, CT | $812,308 | $908,350 |
Barristers Book Shop South Royalton, VT | $588,614 | $671,375 |