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.
96¢ of each $1 spent went to programs.
$48K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2021 · 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
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$48K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
3 mo
of spending, in cash
Fine: 2.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$516K
80% of total assets
Worth a look: liabilities are 80% of assets; over 65%.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.1M
Spent
$1.8M
To programs
96%
Net assets
$125K
By yearFY2021–FY2025
Revenue
$2.1M
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$2.1M
FY2022$2.8M
FY2023$3.1M
FY2024$8.0M
FY2025$9.8M
Expenses
$1.8M
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$1.8M
FY2022$2.5M
FY2023$3.0M
FY2024$7.9M
FY2025$9.8M
Net assets
$125K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$125K
FY2022$351K
FY2023$472K
FY2024$900K
FY2025$878K

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

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

96 cents of each dollar spent went to programs.

Program services 96% · $1.7M Management & general 4% · $76K

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

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Who runs it and what they're paid

7 people listed on the 990; $48K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Director
$48,087Pt VII · Sec A
Vicechairman
$0Pt VII · Sec A
Operations Manager
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$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 · 3 named individuals · Part VII

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

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.

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Provided by the organization

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1 program · $1.7M · in their own filed words · FY2020
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.

$1.7Mprogram expense

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 FY2021 990, line by line.

1The main four
Money inPt VIII
$2.1M
Ln 12
Fees for servicesLn 2g$1.9M
Gifts and grantsLn 1h$152K
Money outPt IX
$1.8M
Ln 25
Programscol B$1.7M
Managementcol C$76K
Owns and owesPt X
$125K
net assets · Ln 32
Cash and savingsLn 1–2$393K
Total assetsLn 16$641K
LiabilitiesLn 26$516K
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$152K
Government grantsLn 1e$152K
Fees for servicesLn 2g$1.9M
Total revenueLn 12$2.1M
Assets in detailPt X, end of year
CashLn 1$393K
Cash and savings togetherLn 1–2$393K
Land, buildings, equipmentLn 10c$234K
Other assetsLn 15$12K
Total assetsLn 16$641K
LiabilitiesLn 26$516K
Net assetsLn 32$125K
OperationsPt I, VI
EmployeesI 576
VolunteersI 65
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$207K$393K
Land, buildings, equipmentLn 10c$146K$234K
Total assetsLn 16$368K$641K
LiabilitiesLn 26$538K$516K
Net assetsLn 32−$170K$125K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$304K$304K
Other salaries and wagesLn 7$746K$746K
Other employee benefitsLn 9$33K$33K
Payroll taxesLn 10$41K$41K
Management feesLn 11a$48K$48K
Accounting feesLn 11c$16K$16K
Other fees for servicesLn 11g$11K$11K
Advertising and promotionLn 12$39K$39K
Office expensesLn 13$25K$25K
Information technologyLn 14$30K$30K
OccupancyLn 16$304K$304K
TravelLn 17$128$128
InterestLn 20$413$413
Depreciation, depletion and amortizationLn 22$23K$23K
InsuranceLn 23$22K$22K
Other expenses (24a–d)Ln 24$137K$137K
Total functional expensesLn 25$1.8M$1.7M$76K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $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 Viewing $2.1M$1.8M$295K$125K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $2,075,608 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $955$151,951
I-9 Program service revenuePrior year $1,362,154$1,923,657
I-10 Investment incomePrior year $2,700$0
I-11 Other revenuePrior year $8,000$0
I-12 Total revenuePrior year $1,373,809$2,075,608
I-13 Grants and similar amounts paidPrior year $78,000$304,000
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $727,422$820,123
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $598,724$656,464
I-18 Total expensesPrior year $1,404,146$1,780,587
I-19 Revenue less expensesPrior year −$30,337$295,021
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $2,075,608 across 5 lines filed
VIII-1e Government grants$151,951
VIII-1h Total contributions, gifts and grants$151,951
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,923,657$1,923,657
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $1,923,657$2,075,608
Part IX · Statement of functional expenses $1,780,587 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $304,000$304,000
IX-7 Other salaries and wagesPrograms $745,709$745,709
IX-9 Other employee benefitsPrograms $33,119$33,119
IX-10 Payroll taxesPrograms $41,295$41,295
IX-11a Management feesManagement $48,087$48,087
IX-11c Accounting feesManagement $16,119$16,119
IX-11g Other fees for servicesManagement $11,193$11,193
IX-12 Advertising and promotionPrograms $39,011$39,011
IX-13 Office expensesPrograms $25,229$25,229
IX-14 Information technologyPrograms $29,599$29,599
IX-16 OccupancyPrograms $304,483$304,483
IX-17 TravelManagement $128$128
IX-20 InterestPrograms $413$413
IX-22 Depreciation, depletion and amortizationPrograms $22,650$22,650
IX-23 InsurancePrograms $22,352$22,352
IX-24 Other expenses (24a–d)Programs $137,200$137,200
IX-25 Total functional expensesPrograms $1,705,060 · Management $75,527 · Fundraising $0$1,780,587
Part X · Balance sheet $641,441 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $207,389$393,295
X-10c Land, buildings and equipment, netStart of year $146,065$233,644
X-14 Intangible assetsStart of year $2,335$2,002
X-15 Other assetsStart of year $12,500$12,500
X-16 Total assetsStart of year $368,289$641,441
X-17 Accounts payable and accrued expensesStart of year $148,796$99,665
X-26 Total liabilitiesStart of year $538,250$516,104
X-27 Net assets without donor restrictionsStart of year −$169,961$125,337
X-32 Total net assets or fund balancesStart of year −$169,961$125,337
X-33 Total liabilities and net assetsStart of year $368,289$641,441
Part XI · Reconciliation of net assets $125,337 net assets at year end
XI-1 Total revenue$2,075,608
XI-2 Total expenses$1,780,587
XI-3 Revenue less expenses$295,021
XI-4 Net assets at start of year−$169,961
XI-10 Net assets at end of year$125,337

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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