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IMPACT THRIFT STORES INC

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Tax-exempt status may be revoked

IMPACT THRIFT STORES INC

EIN 23-3080883 · Thrift Shops

What they do

OPERATE HIGH-QUALITY THRIFT STORES TO: FINANCIALLY SUPPORT LOCALLY BASED CHARITIES HELPING FAMILIES and CHILDREN IN NEED; CREATE MEANINGFUL EMPLOYMENT and VOLUNTEER OPPORTUNITIES; EMPOWER PEOPLE to HELP OTHERS BY DONATING; and to PROMOTE GOOD STEWARDSHIP of THE ENVIRONMENT BY REUSING, RESELLING or RECYCLING UNWANTED GOODS. - 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-B

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This record may have an IRS status problem. Do not give until you verify it.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2016The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders10 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

106.57%of revenue went to mission work90.8% of expenses · Program services
0.67%of revenue went to fundraising0.6% of expenses
$117.32spent for every $100 of revenueSpending was higher than revenue this year.
10.09%of revenue went to management and office costs8.6% of expenses
98.0%of its money came from giftsOther money may come from services or investments.

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  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $1,675,713 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $144,437 for GRAY WIRTH (PRESIDENT &). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2016

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$9,673,989
Mission workProgram services$10,309,275106.57% of revenue90.8% of expenses
ManagementOffice and general costs$975,73010.09% of revenue8.6% of expenses
FundraisingAsking for donations$64,6970.67% of revenue0.6% of expenses
Total expenses$11,349,702117.32% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2016CurrentExpense mix: 90.8% mission · 8.6% management · 0.6% fundraisingTotal expenses: 117.32% of revenue
2015Expense mix: 91.8% mission · 7.6% management · 0.6% fundraisingTotal expenses: 99.46% of revenue

Money in and money out

Revenue$9,673,989
Expenses$11,349,702
Annual shortfall $1,675,713 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$10,309,275 · 90.8% of expenses
Management and office costs$975,730 · 8.6% of expenses
Fundraising$64,697 · 0.6% of expenses
See all reported dollar amounts
Revenue$9,673,989
Expenses$11,349,702
Income$12,489,422
Contributions$9,475,924
Mission work (program services)$10,309,275
Fundraising$64,697
Management and general$975,730
Executive compensation (total)$469,506
Accounting fees$9,243
People

Leadership and board

Tax year 2016

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
GRAY WIRTHPRESIDENT & · 50 hrs/week $144,437Base $128,327 · Other $16,110
SUSAN BARANOWSKICAO · 50 hrs/week $97,464Base $81,334 · Other $16,130
JAMES JONESCFO AND TREA · 32 hrs/week $15,000

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (10)

GRAY WIRTHPRESIDENT &

SUSAN BARANOWSKICAO

JAMES JONESCFO AND TREA

GLENN BECKERDIRECTOR

MIRIAM FREDERICKSDIRECTOR

RICH RANSOMVICE CHAIRMA

ROBERT KILEDIRECTOR

THOMAS TILLETTBOARD CHAIRM

TOM WYNNDIRECTOR

WARREN JOHNSONDIRECTOR

About this charity

Location
PO BOX 178, SOUDERTON, PA 18964
County
Montgomery
In care of
GRAY WIRTH

How to reach them

Filing and classification

Latest tax year
2016
Tax period began
July 1, 2016
Tax preparer
HAYDEN MILLER NELSON & YODER PC
IRS tax category
Thrift Shops
Revocation date
May 15, 2021

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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