THE THRIFTY NICKEL INC Charity Report

Public IRS 990 nonprofit record

THE THRIFTY NICKEL INC

EIN 82-1186957 · Thrift Shops (P29)

What they do

AS PROVIDED IN ITS STATEMENT of PURPOSE, THE SPECIFIC PURPOSES for WHICH THE ORGANIZATION HAS BEEN ESTABLISHED is THE SALE of USED MERCHANDISE and OTHER GOODS to SUPPORT CHARITABLE ACTIVITIES, INCLUDING BUT NOT LIMITED TO, THOSE AS DEFINED BY SECTION 501(C)(3). THE PAST, PRESENT and PLANNED ACTIVITIES is THE SALE of USED MERCHANDISE to SUPPORT ITS CHARITABLE ACTIVITIES. THE PRIMARY CHARITABLE ACTIVITY AS PROVIDED IN ARTICLE 2 of THE BYLAWS is to OPERATE A SHELTER for HOMELESS MEN and to GIVE BACK to THE COMMUNITIES WHERE THE RETAIL STORES RESIDE. THE ORGANIZATIONS MISSION STATEMENT, VISION and VALUES ARE: MISSION STATEMENT: PROVIDE A PATHWAY of WELLNESS, HOPE, and PEACE to HOMELESS MEN. PROVIDE CLOTHING, SHOES, FOOD, and SMALL HOUSEHOLD APPLIANCES to FAMILIES IN NEED WITHIN OUR COMMUNITIES to BETTER THEIR LIVES. VISION: BETTER LIVES BETTER FAMILIES BETTER COMMUNITIES A BETTER WORLD THROUGH THE MINISTRY of JESUS CHRIST VALUES: HOPE LOVE COMPASSION PEACE

Before you give

Should I give to this charity?

Easy charity check

The spending raises an important question

Of every $100 spent, about $4.30 was reported for mission work and $0.00 for fundraising. Understand this before you give.

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 checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

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

They name their leaders4 people are listed in the latest report.

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

Money made simple

3.55%of revenue went to mission work4.3% of expenses · Program services

$82.23spent for every $100 of revenueRevenue covered expenses this year.

78.68%of revenue went to management and office costs95.7% of expenses

$0.58in assets for every $1 spent this yearSome assets cannot be spent right away.

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

Pay context: The highest compensation shown in this filing is $23,400 for RICKY L ROGERS (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 2024

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.

$100revenue

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$638,020

Mission workProgram services$22,6273.55% of revenue4.3% of expenses

ManagementOffice and general costs$501,99778.68% of revenue95.7% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$113,39617.77% of revenueShown in gray on the chart

Total expenses$524,62482.23% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Pause before giving. This filing reports that 0.0% of spending went to fundraising and 4.3% went to mission work. Ask the charity to explain these numbers and show recent results.

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

2024CurrentExpense mix: 4.3% mission · 95.7% management · 0.0% fundraisingTotal expenses: 82.23% of revenue

2023Expense mix: 2.3% mission · 97.7% management · 0.0% fundraisingTotal expenses: 88.06% of revenue

2022Expense mix: 5.2% mission · 94.8% management · 0.0% fundraisingTotal expenses: 93.44% of revenue

2021Expense mix: 7.9% mission · 92.1% management · 0.0% fundraisingTotal expenses: 89.69% of revenue

2020Expense mix: 10.7% mission · 89.3% management · 0.0% fundraisingTotal expenses: 108.97% of revenue

2019Expense mix: 10.2% mission · 89.8% management · 0.0% fundraisingTotal expenses: 94.52% of revenue

2018Expense mix: 9.9% mission · 90.1% management · 0.0% fundraisingTotal expenses: 94.11% of revenue

2017Expense mix: 9.1% mission · 90.9% management · 0.0% fundraisingTotal expenses: 90.35% of revenue

Money in and money out

Revenue$638,020

Expenses$524,624

Annual surplus $113,396 Revenue was higher than expenses 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)$22,627 · 4.3% of expenses

Management and office costs$501,997 · 95.7% of expenses

See all reported dollar amounts

Revenue$638,020

Expenses$524,624

Assets$301,674

Income$714,988

Mission work (program services)$22,627

Management and general$501,997

Accounting fees$5,200

People

Leadership and board

Tax year 2024

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

People reported as paid

Person and titleCompensation

RICKY L ROGERSPRESIDENT · 50 hrs/week $23,400

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 (4)

RICKY L ROGERSPRESIDENT

NORMA COMPTONVICE PRESIDE

RACHEL ROGERSVP / TREASUR

TIFFANY RAWSONVICE PRESIDE

About this charity

Recognized since: January 2018
Location: 1120 EAST MAIN STREET SUITE 17, PHILADELPHIA, MS 39350-2300
County: Neshoba
In care of: % RICKY L ROGERS
Primary officer: RICKY L ROGERS, PRESIDENT

How to reach them

Phone(601) 507-2467

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: DONALD AND CO CPAS PLLC
NTEE classification: Thrift Shops (P29)
IRS tax category: Thrift Shops