nonprofit logo

New Life Thrift Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 274526837 ✦ Glenside, PA ✦ Designated as a 501(c)(3)

Overview

What is New Life Thrift Inc?

New Life Thrift Inc, located in Glenside, Pennsylvania, is a nonprofit organization that serves as a ministry for New Life Presbyterian Church. Their main activity involves operating two thrift stores, where they accept and sell donated items such as clothing, knick-knacks, furniture, books, and jewelry. A portion of the profits generated from these sales is distributed to the church to aid individuals in need within the local community every quarter. The organization's mission aligns with its activities, aiming to provide support and assistance to those in need through its thrift store operations.


Official website here: www.newlifethriftinc.org

Is New Life Thrift Inc legitimate?

New Life Thrift Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Life Thrift Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $119,583
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,092,829

For more financial information, click here


Official website here: www.newlifethriftinc.org

What is the mission statement of New Life Thrift Inc?

New Life Thrift Inc, being a ministry affiliated with New Life Presbyterian Church of Glenside, operates two thrift stores as its primary activity. The organization's purpose is to generate profits from these stores, which are then distributed to the church and local charities to aid individuals in need. The merchandise sold at the stores is all donated, including clothing, knick-knacks, furniture, books, and jewelry. A portion of the net proceeds from sales is regularly donated to the community, providing essential support to those in need. In essence, New Life Thrift Inc serves as a means to give back and uplift the community through the operation of its thrift stores.


Official website here: www.newlifethriftinc.org

Who is the CEO of New Life Thrift Inc?

David Channing is the Executive Director of New Life Thrift Inc.


Official website here: www.newlifethriftinc.org

What is the revenue of New Life Thrift Inc?

New Life Thrift Inc's revenue in 2022 was $2,798,421.


Official website here: www.newlifethriftinc.org

Who are the executives of New Life Thrift Inc and what are their salaries?

The average compensation at New Life Thrift Inc during 2022 was $15,953. There are 76 employees and 115 volunteers at New Life Thrift Inc.

Here are 9 key members and their salaries:

    David Channing (Executive Director)
  • Compensation: $119,583
  • Related: $0
  • Other: $1,379

    • John Hagerty (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Russlyn Cook (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Greg Raysor (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Scott Dirksen (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rita Harris (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Greg Buchanan (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Giuseppe Bisculca (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Craig Krasinski (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.newlifethriftinc.org

    Where can I find the form 990 for New Life Thrift Inc?

    The New Life Thrift Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.newlifethriftinc.org

    Learn more at the official website: www.newlifethriftinc.org

    Mission Statement of New Life Thrift Inc

    New Life Thrift, a ministry under New Life Presbyterian Church of Glenside, is primarily dedicated to the operation of two thrift stores. The organization's primary purpose is to generate profits from the sales of donated merchandise, which includes a variety of items such as clothing, knick-knacks, furniture, books, and jewelry. The newly acquired profits are then distributed to the church and local charities with the aim of assisting individuals in need within the community associated with the store locations. This nonprofit organization's mission is to contribute to the betterment of its community by channeling its retail earnings towards helping those in need.

    Impact

    This information is meant to be a general summary of New Life Thrift Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    New Life Thrift Inc's impact is felt through its operation of two thrift stores which serve as a ministry of New Life Presbyterian Church of Glenside. The organization accepts donated merchandise such as clothing, knick-knacks, furniture, books, and jewelry, selling these items to fund its charitable endeavors. The net proceeds from sales are distributed to the church and local charities to support individuals in the community who are in need. Through its philanthropic efforts, New Life Thrift Inc directly contributes to improving the lives of those facing challenges in the Glenside area.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $899
  • Program Service Revenue: $0
  • Gross Receipts: $2,798,421

    • Assets and Liabilities:
  • Total Assets: $3,098,970
  • Total Liabilities: $1,315,787
  • Net Assets: $1,783,183
  • Organization Details

    Founding Year

    2010

    Principal Officer

    David Channing

    Main Address

    800 N Easton Road, Glenside, PA, 19038

    NTEE Category

    Code: T50 - Philanthropy

    If you are a representative of New Life Thrift Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.