FETCH THRIFT SHOP INC

EIN: 850507108 501(c)(3) Animal-Related

Frederick, MD

Total Revenue
$505,741
Total Expenses
$242,847
Total Assets
$365,404
Net Assets
$347,218
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
MD
Principal Officer
Charissa Beavers
Phone
8135261889
Tax Period
2023-01-01 to 2023-12-31

FETCH THRIFT SHOP INC, founded in 2020, is a small nonprofit in the Animal-Related sector that reported $506K in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $263K, a strong 52% operating margin.

Mission

TO SUPPORT ANIMAL RESCUE GROUPS AND CHARITIES IN THEIR GOALS OF INCREASING ADOPTIONS OF HOMELESS PETS AND REDUCING PET OVERPOPULATION THROUGH SPAY/NEUTER PROGRAMS. TO ADDITIONALLY SUPPORT OUR INTERNAL COZYCAT DEN ADOPTABLES THROUGH ADOPTION, SPAY, NEUTER AND HEALTHCARE. THE ORGANIZATION OFFERS A QUALITY THRIFT SHOPPING EXPERIENCE IN A CLEAN, ORGANIZED RETAIL ENVIRONMENT WITH A FOCUS ON PROVIDING EXCELLENT CUSTOMER SERVICE TO ENCOURAGE REPEAT BUSINESS AND WORD-OF-MOUTH PROMOTION. PROCEEDS FROM THE SALE OF DONATED ITEMS ARE USED TO SUPPORT STORE EXPENSES AND TO ISSUE MONETARY GRANTS TO VARIOUS ANIMAL RESCUES TO SUPPORT THE MISSION OF REDUCING THE EUTHANASIA OF ADOPTABLE PETS AND FINDING HOMES FOR HOMELESS PETS. MOST GRANT RECIPIENT ORGANIZATIONS ARE EXEMPT UNDER SECTION 501(C)(3) OF THE IRS CODE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $17,396
Program Service Revenue $0
Investment Income $0
Other Revenue $488,345
TOTAL REVENUE $505,741

Expense Breakdown

Grants Paid $12,070
Salaries & Benefits $133,165
Fundraising Expenses $0
Program Expenses $266,231
Other Expenses $97,612
TOTAL EXPENSES $242,847

Year-over-Year Comparison

2023 2022 Change
Revenue $505,741 $382,897 +0.3%
Expenses $242,847 $304,395 -0.2%
Net Income $262,894 $78,502 +2.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
Employees
25
Volunteers
6

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Charissa Beavers President/Director 55.00
Officer Director
$0 $0 $0
Keith Young Treasure 4.00
Officer Director
$0 $0 $0
Diane Foland Secretary 8.00
Officer Director
$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
2024 No data No data No data No data
2023 $505,741 $242,847 $365,404 $262,894
2022 $382,897 $304,395 No data $78,502
2021 $115,166 $77,322 $88,924 $37,844
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