New Life Thrift Store Ltd is located in Auburn, PA. According to its NTEE Classification (P29) the organization is classified as: Thrift Shops, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Life Thrift Store Ltd is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, New Life Thrift Store Ltd generated $122.3k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $129.1k during the year ending 12/2023. While expenses have increased by 4.6% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
ALL OF THE ORGANIZATIONS PROFITS ARE REQUIRED BY ITS ORGANIZATION DOCUMENT TO BE DISTRIBUTED TO SPECIFIED ORGANIZATIONS THAT ARE DESCRIBED IN SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE.
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $122,321 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $122,321 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $75,422 |
| Professional fees and other payments to independent contractors | $1,280 |
| Occupancy, rent, utilities, and maintenance | $33,740 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $17,000 |
| Total expenses | $129,092 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $2,064 |
| Other assets | $0 |
| Total assets | $9,189 |
| Total liabilities | $42,522 |
| Net assets or fund balances | -$33,333 |