Nifty Thrify Variety Shop Inc

Nonprofit profile at a glance

EIN
845054202
IRS 990-EZ coverage
2020–2024
Forms available
Form 990-EZ 2024, Form 990-T 2024
Location
Cleveland, OH, USA
Phone
4408850829
Rating
60
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Disabled Persons' Rights

Reported finances

Revenue
$58,684
Expenses
$77,633
Assets
$255,139
Liabilities
$32,373

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

Leadership & pay

3 people listed

Executive titles in this filing

  • YVONNE WALLACE (PRESIDENT)

People named in this filing

  • YVONNE WALLACE (PRESIDENT)
  • KIRK D WALLACE (VP)
  • ANGEL MARTIN (SECRETARYTREASURER)

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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To educate special needs individuals

What it reported doing in 2024

Resale at the nifty shop to give back to the community

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

SUPPORTED - 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: 27
  • Transparency & Controls: 100
  • Sustainability: 39
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 30.3%; rating input score 30
  • Program expense ratio: 22.9%; rating input score 23

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -32.3%; rating input score 17; 17th percentile among comparable filings
  • Total-asset coverage ratio: 3.29; rating input score 76; 76th percentile among comparable filings
  • Liabilities to assets ratio: 0.13; rating input score 16; 16th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 28.2% per year; rating input score 100; 87th percentile among comparable filings
  • Revenue growth: 19.8% per year; rating input score 100; 90th percentile among comparable filings
  • Asset growth: 42.3% per year; rating input score 100; 94th percentile among comparable filings

Details

  • Where the money goes: 30.3% of revenue deployed · 22.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $18K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2020 to 2024
  • 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 30/100.
  • High — Financial Efficiency: Program expense ratio scored 23/100.
  • High — Sustainability: Operating margin scored 17/100.
  • High — Sustainability: Liabilities to assets ratio scored 16/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.