Cure Thrift, INC is a philanthropic second-hand shop dedicated to raising funds for type 1 diabetes through the sale of donated goods and merchandise.

501(c)(3) charity; gifts are tax-deductible.
64¢ of each $1 spent went to programs.
$6K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $25K a year · 4% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
64%
of spending
Worth a look: 64% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$6K
to officers and key staff · 0.6% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
3 mo
of spending, in cash
Fine: 2.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $127
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$43K
13% of total assets
Looks good: liabilities are 13% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 3 voting members
Looks good: 2 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$995K
+54% vs prior year
Spent
$976K
To programs
64%
Net assets
$288K
By yearFY2020–FY2024
Revenue
$995K
FY2024▲ +54%
Tap a bar for its year
Revenue by fiscal year
FY2020$281K
FY2021$465K
FY2022$656K
FY2023$646K
FY2024$995K
Expenses
$976K
FY2024▲ +57%
Tap a bar for its year
Expenses by fiscal year
FY2020$319K
FY2021$427K
FY2022$573K
FY2023$621K
FY2024$976K
Net assets
$288K
FY2024▲ +43%
Tap a bar for its year
Net assets by fiscal year
FY2020$56K
FY2021$93K
FY2022$176K
FY2023$201K
FY2024$288K

From the FY2024 Form 990 · 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: FY2024. IRS ruling in Oct 2013.

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

Where the money goes

64 cents of each dollar spent went to programs.

Program services 64% · $626K Management & general 28% · $278K Fundraising 7% · $72K

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

3 people listed on the 990; $6K paid to officers and key staff.

Part VII, Section A · reportable compensation
$5,769Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A

Elizabeth Wolff’s $6K as President is at the 3rd percentile of top reported officer pay among 2168 $100K–1M 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Elizabeth Wolff$5,769$21,538$34,615$75,000$30,769

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.

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Sells donated goods to raise funds for Type 1 diabetes research.

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Provided by the organization

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1 program · $626K · in their own filed words · FY2024
01

Cost of maintaining and operating thrift store

$626Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$127
Grants paid · 4 grants · $77K · 2020–2024
Marjorie's FundNY · FY2020$11,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$995K
Ln 12
Other incomeLn 4–11$995K
Money outPt IX
$976K
Ln 25
Programscol B$626K
Managementcol C$278K
Fundraisingcol D$72K
Owns and owesPt X
$288K
net assets · Ln 32
Cash and savingsLn 1–2$226K
Total assetsLn 16$331K
LiabilitiesLn 26$43K
PeoplePt VI, VII
3
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Other incomeLn 4–11$995K
Total revenueLn 12$995K
Assets in detailPt X, end of year
CashLn 1$226K
Cash and savings togetherLn 1–2$226K
Land, buildings, equipmentLn 10c$2K
Other assetsLn 15$102K
Total assetsLn 16$331K
LiabilitiesLn 26$43K
Net assetsLn 32$288K
OperationsPt I, VI
EmployeesI 520
VolunteersI 60
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$228K$226K
Land, buildings, equipmentLn 10c$28$2K
Total assetsLn 16$263K$331K
LiabilitiesLn 26$62K$43K
Net assetsLn 32$201K$288K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$46K$46K
Other salaries and wagesLn 7$104K$104K
Payroll taxesLn 10$8K$8K
Legal feesLn 11b$8K$8K
Accounting feesLn 11c$11K$11K
Advertising and promotionLn 12$11K$11K
Office expensesLn 13$76K$76K
OccupancyLn 16$557K$494K$64K
TravelLn 17$18K$18K
Depreciation, depletion and amortizationLn 22$4K$4K
InsuranceLn 23$29K$29K
Other expenses (24a–d)Ln 24$103K$28K$3K$72K
Total functional expensesLn 25$976K$626K$278K$72K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $995K$976K$20K$288K 990 PDF
FY2023 $646K$621K$25K$201K 990 PDF
FY2022 $656K$573K$83K$176K 990 PDF
FY2021 $465K$427K$38K$93K 990 PDF
FY2020 $281K$319K−$38K$56K 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 FY2024 990 (6 parts)
Part I · Summary $995,114 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $646,036$995,114
I-12 Total revenuePrior year $646,036$995,114
I-13 Grants and similar amounts paidPrior year $42,603$46,415
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$112,194
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $578,486$816,917
I-18 Total expensesPrior year $621,089$975,526
I-19 Revenue less expensesPrior year $24,947$19,588
Part VI · Governance 2 of 3 board members independent, 5 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members2
VI-2 Family or business relationship among officers or directorsYes
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
Part VIII · Statement of revenue $995,114 across 1 lines filed
Lines not itemized here account for $995,114 of total revenue; see the IRS return.
VIII-12 Total revenueRelated to mission $995,114 · Unrelated business $0 · Excluded from tax $0$995,114
Part IX · Statement of functional expenses $975,526 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $46,415$46,415
IX-7 Other salaries and wagesManagement $104,221$104,221
IX-10 Payroll taxesManagement $7,973$7,973
IX-11b Legal feesManagement $7,830$7,830
IX-11c Accounting feesManagement $11,277$11,277
IX-12 Advertising and promotionPrograms $10,906$10,906
IX-13 Office expensesManagement $75,605$75,605
IX-16 OccupancyPrograms $493,847 · Management $63,550$557,397
IX-17 TravelPrograms $17,609$17,609
IX-22 Depreciation, depletion and amortizationManagement $4,107$4,107
IX-23 InsurancePrograms $29,035$29,035
IX-24 Other expenses (24a–d)Programs $27,915 · Management $3,057 · Fundraising $72,179$103,151
IX-25 Total functional expensesPrograms $625,727 · Management $277,620 · Fundraising $72,179$975,526
Part X · Balance sheet $330,781 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $228,246$226,154
X-10c Land, buildings and equipment, netStart of year $28$2,127
X-15 Other assetsStart of year $35,000$102,500
X-16 Total assetsStart of year $263,274$330,781
X-17 Accounts payable and accrued expensesStart of year $62,276$42,695
X-26 Total liabilitiesStart of year $62,276$42,695
X-32 Total net assets or fund balancesStart of year $200,998$288,086
X-33 Total liabilities and net assetsStart of year $263,274$330,781
Part XI · Reconciliation of net assets $288,086 net assets at year end
XI-1 Total revenue$995,114
XI-2 Total expenses$975,526
XI-3 Revenue less expenses$19,588
XI-4 Net assets at start of year$200,998
XI-9 Other changes in net assets$67,500
XI-10 Net assets at end of year$288,086

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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