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Nonprofit · EIN 45-2652221

THREADS OF HOPE THRIFT STORE INC

Tax-exempt · CROSSVILLE, TN 38557

Financials

$849K$753K2023$850K$820K2024
Revenue Expenses · by fiscal year end
Financials of THREADS OF HOPE THRIFT STORE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$849,626$820,438$29,188$1,333,266$143,810$1,189,456
December 31, 2023990$848,968$752,955$96,013$1,313,188$143,186$1,170,002
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$848,426
Program service revenue
$0
Investment income
$0
Net rental income
$1,200
Other revenue
$1,200

Expenses

Grants and similar amounts paid
$141,037
Other salaries and wages
$408,170
Salaries, compensation and benefits (total)
$464,721
Professional fundraising fees
$0
Accounting fees
$7,200
Occupancy
$112,610
Depreciation
$22,664
Program services (functional)
$656,352
Management and general (functional)
$164,086

Balance sheet and other

Total assets, start of year
$1,313,188
Total assets, end of year
$1,333,266
Total liabilities, end of year
$143,810
Net assets, end of year
$1,189,456
Land, buildings and equipment
$422,983
Net assets without donor restrictions
$1,189,456
Gross receipts
$1,620,627
Employees
22
Volunteers
40
Year formed
2011
State of legal domicile
TN

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
Donna EvansMember
Trustee or director
1$0
Denise MeltonExecutive Director
Trustee or director
10$0
LuAnn PattersonTreasurer
Officer
5$0
Zoe ClarkSecretary
Officer
1$0
Sara BradshawPresident
Officer
1$0
990 for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
Donna EvansMember
Trustee or director
1$0
Denise MeltonExecutive Director
Trustee or director
10$0
LuAnn PattersonTreasurer
Officer
5$0
Sara BradshawPresident
Officer
1$0
Zoe ClarkSecretary
Officer
1$0

Address and contacts

Address (IRS master file)
PO BOX 4002, CROSSVILLE, TN 38557-4002
In care of
% DENISE MELTON
Signed the 990
DENISE MELTON, Treasurer
Return prepared by
Jessica Phillips CPA

Mission

The purpose of the corporation is to assist the various law enforcement and child welfare agencies of the State of Tennessee and Cumberland County, as well as to educate and inform the public of Cumberland County, Tennessee, and its environs, as to how to recognize, prevent, prot

990 for the year ended December 31, 2024

Program accomplishments

  • Expenses and Revenue relating to the donations of inventory to various 501c3 organizations based on need.
    Expenses $656,352 · revenue $849,626

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
45-2652221
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2012
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,333,266
Income (IRS master file)
$1,620,627

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$849,626$820,438$1,333,266IRS
990December 2023$848,968$752,955$1,313,188XML
990December 2022$919,190$705,701$1,473,196IRS
990December 2021–––IRS
990December 2020–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-2652221).

Questions about THREADS OF HOPE THRIFT STORE INC

What is the EIN of THREADS OF HOPE THRIFT STORE INC?
The employer identification number (EIN) of THREADS OF HOPE THRIFT STORE INC is 45-2652221.
Is THREADS OF HOPE THRIFT STORE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
Are donations to THREADS OF HOPE THRIFT STORE INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does THREADS OF HOPE THRIFT STORE INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of THREADS OF HOPE THRIFT STORE INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did THREADS OF HOPE THRIFT STORE INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who are the officers and directors of THREADS OF HOPE THRIFT STORE INC?
The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
How much revenue does THREADS OF HOPE THRIFT STORE INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $849,626, expenses of $820,438 and total assets of $1,333,266 at year end.

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