BROWN ROOF THRIFT

EIN: 471043061 501(c)(3) Education

Spartanburg, SC

Total Revenue
$220,172
Total Expenses
$674,865
Total Assets
$-425,214
Net Assets
$-425,214
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
SC
Phone
8647075636
Tax Period
2022-01-01 to 2022-12-31

BROWN ROOF THRIFT, founded in 2014, is a small nonprofit in the Education sector that reported $220K in total revenue in fiscal year 2022. Revenue fell 55% from the prior year — a significant decline worth monitoring. Expenses of $675K exceeded revenue, resulting in a 207% operating deficit.

Mission

To create a circle of giving within the community by helping support local outreach programs through the sale of donated clothing, appliances, furniture, household goods, and other miscellaneous items.

Program Service Accomplishments

Program 1
Expenses: $674,865 Revenue: $0

Brown Roof provided low cost clothing, appliances, furniture, and other household goods for the community and provided employment for at least 23 employees during 2022. A number of these individuals...

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Brown Roof provided low cost clothing, appliances, furniture, and other household goods for the community and provided employment for at least 23 employees during 2022. A number of these individuals were either disable or recently incarcerated. We also helped indigent children who were returning to school with clothing, the homeless and the ex-offenders in need of clothing and light goods assistance. Brown Roof also was able to donate a total $54,692.84 in monetary donations to multiple local ministries, organizations and international humanitarian causes. For example we were able to help furnish a local prison (Perry Correctional Inst) with full fledge modern camera and webcasting abilities for $7,053.70. We were able to help a local inner city outreach fund their community projects for about 5 months for $5,000. We gave tens of thousands of dollars out in clothing, home goods, and the such to individuals and organizations in need in our community. A substantial amount of monetary donations went towards establishing schools, providing food, clothing and hygiene items for vunerable people groups in Africa, Pakistan, Jamaica, El Salvador, and Colombia, South America. We were able to donate over 4,000 new toys to impoverished children for Christmas (domestically and internationally). We helped establish a soccer team for about 200 children in an urbanized area and was able to assist a great number of people who are incarcerated with basic supplies and the the such.

Program 2
Expenses: $0 Revenue: $0

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $220,172
TOTAL REVENUE $220,172

Expense Breakdown

Grants Paid $0
Salaries & Benefits $394,306
Fundraising Expenses $0
Program Expenses $674,865
Other Expenses $280,559
TOTAL EXPENSES $674,865

Year-over-Year Comparison

2022 2021 Change
Revenue $220,172 $490,041 -0.6%
Expenses $674,865 $396,891 +0.7%
Net Income $-454,693 $93,150 -5.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
4
Independent Members
4
Employees
23
Volunteers
3

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$0
Total Directors
0
$0
Key Employees
3
$47,795
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Bunty Desor Chairman 40
Key Emp
$47,795 $0 $47,795
William Renfrow Board Member 0
Officer
$0 $0 $0
Andre Tate Board Member 0
Key Emp
$0 $0 $0
Henry Stephens Board Member 0
Key Emp
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2022 $220,172 $674,865 $-425,214 $-454,693
2021 $490,041 $396,891 $484,172 $93,150
2020 $315,320 $309,278 $26,179 $6,042
2019 $348,547 $347,072 $20,136 $1,475
2018 $400,600 $417,536 $18,661 $-16,936
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