Fetch Thrift Shop INC

Tax-deductible

Frederick, MD501(c)(3)AnimalsEIN 85-0507108Revenue $706K in FY2024

On file with the IRSfetchthrift.com1818 Rosemont Ave, 21702-8218 · Frederick, MDTax-exempt since Feb 2022Publicly supported — 509(a)(2)

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Fetch Thrift Shop is an upscale resale store that financially assists local animal welfare organizations and to provide medical care and safety to secondhand animals who deserve to be loved and treated with dignity and respect. The organization offers a high-quality thrift shopping experience with a focus on friendly service to encourage repeat business. Proceeds from the sale of donated and purchased goods are used to help support shop expenses and to issue monetary grants to various animal rescues to support the mission of finding homes for homeless pets and reducing euthanasia. Most grant recipients are exempt under section 501 (C)(3)of the IRS code.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 6 volunteers and 3 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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 4
filings with a surplus
Average surplus $171K a year · 40% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$34K
to officers and key staff · 8% of spending
Top officer’s pay lower than 64% of similar orgs
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
20 mo
of spending, in cash
Looks good: 20.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$11K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 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
$706K
+40% vs prior year
Spent
$401K
To programs
100%
Net assets
$671K
By yearFY2021–FY2024
Revenue
$706K
FY2024▲ +40%
Tap a bar for its year
Revenue by fiscal year
FY2021$115K
FY2022$383K
FY2023$506K
FY2024$706K
Expenses
$401K
FY2024▲ +65%
Tap a bar for its year
Expenses by fiscal year
FY2021$77K
FY2022$304K
FY2023$243K
FY2024$401K
Net assets
$671K
FY2024▲ +93%
Tap a bar for its year
Net assets by fiscal year
FY2021$74K
FY2022$0
FY2023$347K
FY2024$671K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2022.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $401K

Form 990 Part IX, line 25. 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; $34K paid to officers and key staff.

Part VII, Section A · reportable compensation
President/Director
$33,610Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Charissa Beavers’s $34K as President/Director is at the 36th percentile of top reported officer pay among 1221 $100K–1M animals 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 · 2 named individuals · Part VII

NameFY2024FY2021
Charissa Beavers$33,610—
Jada Frisby—$13,425

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 fund animal welfare and medical care for rescued pets.

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Provided by the organization

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2 programs · $401K · in their own filed words · FY2024
01

Thrift Store

Our community-focused thrift store is operated to raise funds to provide grants to animal rescues and to provide a safe space for animals that need to be adopted and have medical care. In 2024 we donated funds to 27 different rescue groups to help animals in need.

$373Kprogram expense
02

Cozy cat den adoption and rescue supports routine vetting for animals, emergency medical care, SPAY/NEUTER, transport costs, costs for caring for animals until adopted, educational programs and more. In 2024 we directly provided medical and found homes for 176 animals.

$28Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$706K
Ln 12
Other incomeLn 4–11$627K
Fees for servicesLn 2g$50K
Gifts and grantsLn 1h$28K
Money outPt IX
$401K
Ln 25
Programscol B$401K
Owns and owesPt X
$671K
net assets · Ln 32
Cash and savingsLn 1–2$675K
Total assetsLn 16$682K
LiabilitiesLn 26$11K
PeoplePt VI, VII
3
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$28K
Fees for servicesLn 2g$50K
Other incomeLn 4–11$627K
Total revenueLn 12$706K
Assets in detailPt X, end of year
CashLn 1$2K
SavingsLn 2$674K
Cash and savings togetherLn 1–2$675K
Other assetsLn 15$3K
Total assetsLn 16$682K
LiabilitiesLn 26$11K
Net assetsLn 32$671K
OperationsPt I, VI
EmployeesI 53
VolunteersI 66
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$295K$675K
Total assetsLn 16$365K$682K
LiabilitiesLn 26$18K$11K
Net assetsLn 32$347K$671K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$18K$18K
Other salaries and wagesLn 7$182K$182K
Payroll taxesLn 10$20K$20K
Accounting feesLn 11c$1K$1K
Advertising and promotionLn 12$257$257
Office expensesLn 13$18K$18K
Information technologyLn 14$402$402
OccupancyLn 16$77K$77K
TravelLn 17$1K$1K
Conferences, conventions and meetingsLn 19$1K$1K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$74K$74K
All other expensesLn 24e$5K$5K
Total functional expensesLn 25$401K$401K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $706K$401K$305K$671K 990 PDF
FY2023 $506K$243K$263K$347K 990 PDF
FY2022 $383K$304K$79K$0 990 PDF
FY2021 $115K$77K$38K$74K 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 FY2024 990 (6 parts)
Part I · Summary $705,535 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $17,396$28,223
I-9 Program service revenuePrior year $0$50,082
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $488,345$627,230
I-12 Total revenuePrior year $505,741$705,535
I-13 Grants and similar amounts paidPrior year $12,070$18,319
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $133,165$202,164
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $97,612$180,106
I-18 Total expensesPrior year $242,847$400,589
I-19 Revenue less expensesPrior year $262,894$304,946
Part VI · Governance 3 of 3 board members independent, 2 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $705,535 across 4 lines filed
Lines not itemized here account for $627,230 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$28,223
VIII-1h Total contributions, gifts and grants$28,223
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $50,082$50,082
VIII-12 Total revenueRelated to mission $677,312 · Unrelated business $0 · Excluded from tax $0$705,535
Part IX · Statement of functional expenses $400,589 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $18,319$18,319
IX-7 Other salaries and wagesPrograms $182,387$182,387
IX-10 Payroll taxesPrograms $19,777$19,777
IX-11c Accounting feesPrograms $1,187$1,187
IX-12 Advertising and promotionPrograms $257$257
IX-13 Office expensesPrograms $17,790$17,790
IX-14 Information technologyPrograms $402$402
IX-16 OccupancyPrograms $77,290$77,290
IX-17 TravelPrograms $1,324$1,324
IX-19 Conferences, conventions and meetingsPrograms $1,042$1,042
IX-23 InsurancePrograms $1,082$1,082
IX-24 Other expenses (24a–d)Programs $74,264$74,264
IX-24e All other expensesPrograms $5,468$5,468
IX-25 Total functional expensesPrograms $400,589 · Management $0 · Fundraising $0$400,589
Part X · Balance sheet $682,371 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $5,906$1,722
X-2 Savings and temporary cash investmentsStart of year $288,880$673,504
X-8 Inventories for sale or useStart of year $63,489$0
X-9 Prepaid expenses and deferred chargesStart of year $4,492$4,492
X-15 Other assetsStart of year $2,637$2,653
X-16 Total assetsStart of year $365,404$682,371
X-17 Accounts payable and accrued expensesStart of year $5,490$7,473
X-25 Other liabilitiesStart of year −$546$3,431
X-26 Total liabilitiesStart of year $18,186$10,904
X-27 Net assets without donor restrictionsStart of year $347,218$671,467
X-32 Total net assets or fund balancesStart of year $347,218$671,467
X-33 Total liabilities and net assetsStart of year $365,404$682,371
Part XI · Reconciliation of net assets $671,467 net assets at year end
XI-1 Total revenue$705,535
XI-2 Total expenses$400,589
XI-3 Revenue less expenses$304,946
XI-4 Net assets at start of year$347,218
XI-8 Prior period adjustments$19,303
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$671,467

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

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