Cure Thrift Inc

Nonprofit profile at a glance

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

3 people listed

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Our mission is to provide funding to various research facilities who are dedicated to finding a cure for type 1 diabetes.

Cost of maintaining and operating thrift store

Revenue model: No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model: Direct operator. The filing allocates 93% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Mission deployment rate: Limited
Program expense ratio: 64.1%; rating input score 64
Fundraising efficiency: $0 raised per $1 spent on fundraising; rating input score 1; 1st percentile among comparable filings

Consistency checks: 90.9%; rating input score 91; 8th percentile among comparable filings
Pay-setting controls: Limited
Foreign activity oversight: Limited
Grant itemization coverage: 65.1%; rating input score 65; 31st percentile among comparable filings
Major donor itemization: Limited
Related-party transparency: Limited

Independent voting board: 66.7%; rating input score 67; 14th percentile among comparable filings
Governance controls: 2 of 8 controls in place; rating input score 25
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Fail

Operating margin: 2%; rating input score 42; 42nd percentile among comparable filings
Total-asset coverage ratio: 0.34; rating input score 16; 16th percentile among comparable filings
Liabilities to assets ratio: 0.13; rating input score 39; 39th percentile among comparable filings
Officer compensation ratio: 0.6%; rating input score 61; 61st percentile among comparable filings

Program expense growth: 7.2% per year; rating input score 100; 53rd percentile among comparable filings
Revenue growth: 9.8% per year; rating input score 100; 66th percentile among comparable filings
Asset growth: 14.8% per year; rating input score 100; 72nd percentile among comparable filings

Where the money goes: 64.1% of spending went to programs
Governance: 2 of 3 board members independent · 2 of 8 filing controls reported
Programs: 1 filed program accomplishment · $626K in reported program spending
Leadership: top reported pay $6K · 3 people listed
Consistency: 22 of 23 current checks pass · 1 finding to review
Schedules: 4 filed schedules · includes grants
Filing history: 11 filing years from 2013 to 2024
Contacts: How to reach this organization
Money network: 2 filed money-flow records
Related organizations: 1 filed related-organization link
Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
People: Everyone the filings name, and which of them the filings identify by more than a name.

Signals prioritize questions for review. They are not findings of misconduct.

High — Financial Efficiency: Fundraising efficiency scored 1/100.
High — Accountability: Governance controls: 6 of 8 not reported.
Moderate — Sustainability: Operating margin scored 42/100.
High — Sustainability: Total-asset coverage ratio scored 16/100.
Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
Moderate — Sustainability: Liabilities to assets ratio scored 39/100.