Economy Shop Inc
- Assets
- $75.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Claremont, CA
- Founding
- 07/1960
- Data as of
- 06/2024
- EIN
- 95-6092801
Organization Overview
Economy Shop Inc is located in Claremont, CA. The organization was established in 1960. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Economy Shop 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 06/2024, Economy Shop Inc generated $96.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $61.5k during the year ending 06/2024. While expenses have increased by 0.8% per year over the past 8 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
PAYOUT OF ALL DISPOSABLE INCOME TO CHARITABLE ORGANIZATIONS IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Florence Kraft Treasurer | 30 | $0 | |
Richard Laughton President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $95,934 |
| Membership dues | $0 |
| Investment income | $579 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $96,513 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $375 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $20,582 |
| Total expenses | $61,457 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $75,147 |
| Other assets | $0 |
| Total assets | $75,147 |
| Total liabilities | $0 |
| Net assets or fund balances | $75,147 |