Little Creek Bargain Shop Inc

Nonprofit profile at a glance

EIN
541974124
IRS 990-EZ coverage
2014–2021
Forms available
Form 990-EZ 2021
Location
Virginia Beach, VA, USA
Phone
7574627982
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Thrift Shops

Reported finances

Revenue
$46,576
Expenses
$51,704
Assets
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2021. Amounts in USD.

Leadership & pay

1 person listed

Executive titles in this filing

  • Georgiana Balling (President)

People named in this filing

  • Georgiana Balling (President)

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 2021. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Little Creek Bargain Shop is a non-profit organization, receiving support from the community in the form of donated items. Over half of the proceeds from the Shop's sales are donated to local charities which serve the Hampton Roads military community.

Operating model

Revenue model
Other-operating. 99% of the money available for current operations came from other operating revenue.
Distribution model
Hybrid. The nonprofit split its reported program spending across 64% for direct work, and 36% for grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 78
  • Transparency & Controls: 82
  • Sustainability: 14
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 80.7%; rating input score 81
  • Program expense ratio: 72.7%; rating input score 73

Transparency & Controls

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

Sustainability

  • Operating margin: -11%; rating input score 27; 27th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 31.8%; rating input score 6; 6th percentile among comparable filings

Growth

  • Program expense growth: 2.2% per year; rating input score 100; 65th percentile among comparable filings
  • Revenue growth: -6.9% per year; rating input score 0; 37th percentile among comparable filings
  • Asset growth: -22.8% per year; rating input score 0; 7th percentile among comparable filings

Details

  • Where the money goes: 80.7% of revenue deployed · 72.7% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $38K in reported program spending
  • Leadership: top reported pay $0 · 1 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 8 filing years from 2014 to 2021
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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 — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 27/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 6/100.