Psanctum Thrift
Nonprofit profile at a glance
- EIN
- 884259624
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2023
- Location
- Portland, OR, USA
- Phone
- 9712122709
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Thrift Shops
Reported finances
- Revenue
- $157,064
- Expenses
- $136,616
- Assets
- $43,790
- Liabilities
- $61,007
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- EDEN WOODRUFF (PRESIDENT)
People named in this filing
- EDEN WOODRUFF (PRESIDENT)
- NICK SKAREDOFF (SECRETARY)
- SEAN MANSEAU (TREASURER)
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
The organization's primary exempt purpose is to support psychedelic therapy, harm reduction, and education. It fulfills this mission by operating a nonprofit thrift store that raises funds to help individuals access psilocybin-assisted therapy sessions legally administered in Oregon, and by providing community education and harm-reduction programming that promotes safe, informed psychedelic use.
What it reported doing in 2024
Thrift store operations- operated a nonprofit thrift store that diverted thousands of pounds of usable goods from the landfill, provided meaningful employment to local residents, and offered affordable clothing and household goods to the community. Approximately 10,000 people benefited during 2024.
Operating model
- Revenue model
- Earned-program. 93% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 99% 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 92
- Transparency & Controls: 82
- Sustainability: 41
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 87%; rating input score 87
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 13%; rating input score 64; 64th percentile among comparable filings
- Total-asset coverage ratio: 0.32; rating input score 27; 27th percentile among comparable filings
- Liabilities to assets ratio: 1.39; rating input score 4; 4th percentile among comparable filings
- Officer compensation ratio: 1.6%; rating input score 25; 25th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 87% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $137K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- 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 — Sustainability: Total-asset coverage ratio scored 27/100.
- High — Sustainability: Liabilities to assets ratio scored 4/100.
- High — Sustainability: Officer compensation ratio scored 25/100.