Operating record

New Horizon Thrift Store

Pine City, MN · EIN 46-4976166 · files full Form 990 · latest public year 2023

YearMoney inMoney outResultReserve mo.Staffing
2020$43,287$39,816$3,47117.2
2021$101,055$96,112$4,94336.90%
2022$170,597$121,061$49,53611.90%
2023$175,663$133,029$42,63414.82%

In its most recent public year (2023), this organization brought in $42,634 more than it spent. Its reserves stood at about 14.8 months of spending, down from 17.2 in 2020. Staff pay was 2% of spending.

Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings ↗