Impact Thrift Stores Inc

Overview

Mission

Financially support local charities helping families and children in need through the net proceeds generated by our thrift store operations. Our financial support of these local non-profits enables their staff to spend more time doing what they do best - feeding the hungry, housing the homeless, and supporting children and families in need. Impact thrift repurposes donations of gently used merchandise by selling items that are no longer needed to those who put them back in service. Because more than 90% of the inventory in our stores is from donated merchandise, our success depends on a community effort. Together we make a difference. We make an impact as a faith-based, non-profit organization, we: -- seek to honor god and value people in all we do. -- financially support locally based charities providing hunger and homelessness prevention; early childhood, adolescent and adult education; family dental care; and foster care and adoption services. -- provide access to low-cost, high-qua

Operating model

Revenue model

Mixed. Its operating money came from several sources; no one source provided a clear majority.

Distribution model

Direct operator. The filing allocates 100% 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.

• Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and some filing-based governance responses are negative or unanswered.

Rating breakdown

• Financial Efficiency: 96
• Transparency & Controls: 62
• Accountability: 86
• Sustainability: 11
• Growth: 80

Detailed rating inputs

Details

• Where the money goes: 100% of revenue deployed · 90.8% of spending went to programs
• Governance: 8 of 8 board members independent · 6 of 9 filing controls reported
• Programs: 1 filed program accomplishment · $10.3M in reported program spending
• Leadership: top reported pay $144K · 12 people listed · 1 of 6 pay-setting controls reported
• Consistency: 25 of 25 current checks pass
• Schedules: 6 filed schedules · includes executive pay
• Filing history: 4 filing years from 2013 to 2016
• Contacts: How to reach this organization
• Money network: 4 filed money-flow records
• 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

• High — Sustainability: Operating margin scored 6/100.
• Review — Accountability: Governance controls: 2 of 8 not reported.
• High — Sustainability: Total-asset coverage ratio scored 0/100.
• High — Growth: Asset growth scored 0/100.
• High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.