Friendly Thrift Center Inc

Nonprofit profile at a glance

EIN
237077163
IRS 990-EZ coverage
2020–2025
Forms available
Form 990-EZ 2025, Form 990-N 2014
Location
Davenport, IA, USA
Phone
5633242235
Rating
48
Verdict
MIXED
Rating confidence
Moderate

Reported finances

Revenue
$46,369
Expenses
$31,995
Assets
$34,668
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • Bob Davis (President)
  • Linda Miller (Vice-President)

People named in this filing

  • Bob Davis (President)
  • Linda Miller (Vice-President)
  • Gail Jackson (Secretary)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Provide new or gently used clothing and household goods we receive through donations, at no or very low cost to low income individuals in the community. We fulfill vouchers from 36 local non-profit agencies to provide clothing, household goods and hygiene items to their clients at no charge. The expense incurred is for new socks, underwear and personal hygiene products which we provide for our voucher recipients.

What it reported doing in 2025

We fulfill vouchers from 36 community based non-profit service organizations and provide free clothing, hygiene products and housewares to low or no income individuals and their dependents. Most items are donated to us, with the exception of new socks, new underwear and hygiene products which we purchase. 2025 voucher recipients grants: 1,574 individuals x $55 (estimated) each.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 84% 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 verdict

MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 13
  • Transparency & Controls: 82
  • Sustainability: 67
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 11.1%; rating input score 11
  • Program expense ratio: 16.1%; rating input score 16

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 31%; rating input score 81; 81st percentile among comparable filings
  • Total-asset coverage ratio: 1.08; rating input score 50; 50th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 28.9% per year; rating input score 100; 86th percentile among comparable filings
  • Revenue growth: 6.7% per year; rating input score 100; 74th percentile among comparable filings
  • Asset growth: 1.4% per year; rating input score 100; 43rd percentile among comparable filings

Details

  • Where the money goes: 11.1% of revenue deployed · 16.1% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $5K in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 5 filing years from 2020 to 2025
  • Contacts: How to reach this organization
  • 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.

Key Signals

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

  • High — Financial Efficiency: Mission deployment rate scored 11/100.
  • High — Financial Efficiency: Program expense ratio scored 16/100.
  • Review — Sustainability: Total-asset coverage ratio scored 50/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.