The Thrift Alliance

Tax-deductible

Nashville, TN501(c)(3)Since 2004Human ServicesEIN 20-1578635

Our mission is to provide value to customers, opportunity for employees, and benefits for charities by operating the best thrift stores in the world and promoting thrifty living-all for god's glory.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
Run by 5 volunteers and 76 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $135K a year · 3% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$197K
to officers and key staff · 2% of spending
Top officer’s pay lower than 58% of similar orgs
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.9 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$5.0M
85% of total assets
Concern: liabilities are 85% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$9.8M
+23% vs prior year
Spent
$9.8M
To programs
93%
Net assets
$878K
By yearFY2021–FY2025
Revenue
$9.8M
FY2025▲ +23%
Revenue by fiscal year
FY2021$2.1M
FY2022$2.8M
FY2023$3.1M
FY2024$8.0M
FY2025$9.8M
Expenses
$9.8M
FY2025▲ +24%
Expenses by fiscal year
FY2021$1.8M
FY2022$2.5M
FY2023$3.0M
FY2024$7.9M
FY2025$9.8M
Net assets
$878K
FY2025▼ -2%
Net assets by fiscal year
FY2021$125K
FY2022$351K
FY2023$472K
FY2024$900K
FY2025$878K

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2007.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $9.2M Management & general 7% · $683K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

7 people listed on the 990; $197K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Operations M
$107,473Pt VII · Sec A
Executive Di
$89,229Pt VII · Sec A
$0Pt VII · Sec A
Vice-Chair
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Eric Taft’s $107K as Operations M is at the 42nd percentile of top reported officer pay among 3868 $1–10M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Bruce Krapf——$163,157——
Bruce Krapf—$119,866———
Eric Taft$107,473$101,416———
Richard Gygi$89,229$78,431—$65,354$48,087
Richard Gygi——$76,890——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See The Thrift Alliance executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Operates thrift stores to benefit charities, employees, and customers while promoting thrifty living.

Provided by the organization

This section is blank until The Thrift Alliance claims this page.

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1 program service account for $9.2M of program spending, described in the organization's own filed words · FY2024.
01

The organization sells donated and purchased merchandise to support various missions. The founders adopted a vision focused on "business as a mission." funds provided by the organization send medicine, books, educational materials, clothing, etc. To supported missions.

$9.2Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 16 grants · $1.5M · 2020–2024
Mercy Health Services INCTN · FY2024$60,000
New Hope AcademyTN · FY2024$60,000
Belize ProjectTN · FY2024$60,000
African Leadership INCTN · FY2024$60,000
Mercy Health Services INCTN · FY2023$122,500
New Hope AcademyTN · FY2023$122,500
Belize ProjectTN · FY2023$122,500
African Leadership INCTN · FY2023$122,500
Mercy Health Services INCTN · FY2022$105,000
New Hope AcademyTN · FY2022$105,000
Belize ProjectTN · FY2022$105,000
African Leadership INCTN · FY2022$105,000
African Leadership INCTN · FY2020$86,000
New Hope AcademyTN · FY2020$76,000
Belize ProjectTN · FY2020$76,000
Mercy Health Services INCTN · FY2020$66,000

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$9.8M
Ln 12
Gifts and grantsLn 1h$5.8M
Fees for servicesLn 2g$3.9M
Other incomeLn 4–11$109K
Money outPt IX
$9.8M
Ln 25
Programscol B$9.2M
Managementcol C$683K
Owns and owesPt X
$878K
net assets · Ln 32
Cash and savingsLn 1–2$726K
Total assetsLn 16$5.9M
LiabilitiesLn 26$5.0M
PeoplePt VI, VII
7
listed · VII A
PaidVII A2
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.8M
Noncash giftsLn 1g$5.7M
Fees for servicesLn 2g$3.9M
Investment incomeLn 3$86
Other incomeLn 4–11$109K
Total revenueLn 12$9.8M
Assets in detailPt X, end of year
CashLn 1$726K
Cash and savings togetherLn 1–2$726K
Land, buildings, equipmentLn 10c$533K
Other assetsLn 15$4.0M
Total assetsLn 16$5.9M
LiabilitiesLn 26$5.0M
Net assetsLn 32$878K
OperationsPt I, VI
EmployeesI 576
VolunteersI 65
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$430K$726K
Land, buildings, equipmentLn 10c$369K$533K
Total assetsLn 16$2.2M$5.9M
LiabilitiesLn 26$1.3M$5.0M
Net assetsLn 32$900K$878K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$240K$240K
Pay of current officers, directors and key staffLn 5$98K$83K$15K
Other salaries and wagesLn 7$1.9M$1.5M$361K
Other employee benefitsLn 9$76K$62K$15K
Payroll taxesLn 10$143K$116K$27K
Accounting feesLn 11c$35K$35K
Advertising and promotionLn 12$94K$94K
Office expensesLn 13$40K$25K$16K
Information technologyLn 14$67K$34K$34K
OccupancyLn 16$617K$617K
TravelLn 17$3K$3K
InterestLn 20$16K$16K
Depreciation, depletion and amortizationLn 22$58K$52K$6K
InsuranceLn 23$36K$25K$11K
Other expenses (24a–d)Ln 24$6.4M$6.3M$138K
All other expensesLn 24e$49K$41K$9K
Total functional expensesLn 25$9.8M$9.2M$683K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $9.8M$9.8M−$22K$878K 990 PDF
FY2024 $8.0M$7.9M$54K$900K 990 PDF
FY2023 $3.1M$3.0M$120K$472K 990 PDF
FY2022 $2.8M$2.5M$226K$351K 990 PDF
FY2021 $2.1M$1.8M$295K$125K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (4 parts)
Part VIII · Statement of revenue $9,826,152 across 7 lines filed
VIII-1f All other contributions, gifts and grants$5,774,412
VIII-1g Noncash contributions (included above)$5,734,337
VIII-1h Total contributions, gifts and grants$5,774,412
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,942,246$3,942,246
VIII-3 Investment incomeRelated to mission $86$86
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $109,408$109,408
VIII-12 Total revenueRelated to mission $3,942,332 · Excluded from tax $109,408$9,826,152
Part IX · Statement of functional expenses $9,848,229 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $240,000$240,000
IX-5 Pay of current officers, directors and key staffPrograms $83,325 · Management $14,704$98,029
IX-7 Other salaries and wagesPrograms $1,506,569 · Management $360,967$1,867,536
IX-9 Other employee benefitsPrograms $61,645 · Management $14,566$76,211
IX-10 Payroll taxesPrograms $115,718 · Management $27,342$143,060
IX-11c Accounting feesManagement $34,873$34,873
IX-12 Advertising and promotionPrograms $94,360$94,360
IX-13 Office expensesPrograms $24,510 · Management $15,632$40,142
IX-14 Information technologyPrograms $33,740 · Management $33,740$67,480
IX-16 OccupancyPrograms $617,275$617,275
IX-17 TravelManagement $2,607$2,607
IX-20 InterestManagement $15,850$15,850
IX-22 Depreciation, depletion and amortizationPrograms $52,254 · Management $5,806$58,060
IX-23 InsurancePrograms $25,185 · Management $10,666$35,851
IX-24 Other expenses (24a–d)Programs $6,269,857 · Management $137,541$6,407,398
IX-24e All other expensesPrograms $40,816 · Management $8,681$49,497
IX-25 Total functional expensesPrograms $9,165,254 · Management $682,975 · Fundraising $0$9,848,229
Part X · Balance sheet $5,867,212 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $429,829$725,749
X-8 Inventories for sale or useStart of year $350,849$577,592
X-10c Land, buildings and equipment, netStart of year $368,592$532,925
X-14 Intangible assetsStart of year $1,001$668
X-15 Other assetsStart of year $1,049,713$4,030,278
X-16 Total assetsStart of year $2,199,984$5,867,212
X-17 Accounts payable and accrued expensesStart of year $162,656$742,480
X-25 Other liabilitiesStart of year $947,679$3,546,023
X-26 Total liabilitiesStart of year $1,300,099$4,989,404
X-27 Net assets without donor restrictionsStart of year $899,885$877,808
X-32 Total net assets or fund balancesStart of year $899,885$877,808
X-33 Total liabilities and net assetsStart of year $2,199,984$5,867,212
Part XI · Reconciliation of net assets $877,808 net assets at year end
XI-1 Total revenue$9,826,152
XI-2 Total expenses$9,848,229
XI-3 Revenue less expenses−$22,077
XI-4 Net assets at start of year$899,885
XI-10 Net assets at end of year$877,808

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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