Nonprofit · EIN 27-4526837
NEW LIFE THRIFT INC
Tax-exempt · GLENSIDE, PA 19038
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,243,479 | $2,478,997 | -$235,518 | $2,801,394 | $1,229,096 | $1,572,298 |
| June 30, 2024 | 990 | $2,431,051 | $2,453,194 | -$22,143 | $3,063,716 | $1,255,900 | $1,807,816 |
| June 30, 2023 | 990 | $2,452,018 | $2,405,242 | $46,776 | $3,110,049 | $1,280,090 | $1,829,959 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,237,459
- Program service revenue
- $0
- Investment income
- $5,593
- Other revenue
- $427
Expenses
- Grants and similar amounts paid
- $51,000
- Compensation of officers, directors and key employees
- $58,500
- Other salaries and wages
- $1,431,952
- Salaries, compensation and benefits (total)
- $1,636,329
- Professional fundraising fees
- $0
- Depreciation
- $62,795
- Program services (functional)
- $2,303,482
- Management and general (functional)
- $175,515
Balance sheet and other
- Total assets, start of year
- $3,063,716
- Total assets, end of year
- $2,801,394
- Total liabilities, end of year
- $1,229,096
- Net assets, end of year
- $1,572,298
- Land, buildings and equipment
- $2,260,447
- Net assets without donor restrictions
- $1,110,522
- Net assets with donor restrictions
- $461,776
- Gross receipts
- $2,243,479
- Employees
- 78
- Volunteers
- 115
- Year formed
- 2010
- State of legal domicile
- PA
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Anne Macha | Executive Dir. Trustee or director | 50 | $58,500 |
| Carolyn Stonehouse | Chairwoman Trustee or director, Officer | 1 | $0 |
| John Hagerty | Board member Trustee or director | 1 | $0 |
| Russlyn Cook | Board Member Trustee or director | 1 | $0 |
| Greg Raysor | Board Member Trustee or director | 1 | $0 |
| Scott Dirksen | Board Member Trustee or director | 1 | $0 |
| Rita Harris | Board Member Trustee or director | 1 | $0 |
| Craig Krasinski | Treasurer Trustee or director, Officer | 1 | $0 |
| Mark Moser | Board Member Trustee or director | 1 | $0 |
| David Channing | – | 50 | $0 |
990 for the year ended June 30, 2024: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| David Channing | President Officer | 50 | $120,412 | $536 |
| John Hagerty | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Russlyn Cook | Board Member Trustee or director | 1 | $0 | $0 |
| Greg Raysor | Board Member Trustee or director | 1 | $0 | $0 |
| Scott Dirksen | Board Member Trustee or director | 1 | $0 | $0 |
| Rita Harris | Board Member Trustee or director | 1 | $0 | $0 |
| Joe Bisulca | Board Member Trustee or director | 1 | $0 | $0 |
| Craig Krasinski | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Mark Moser | Board Member Trustee or director | 0 | $0 | $0 |
990 for the year ended June 30, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| David Channing | Executive Dir. Officer | 50 | $120,412 | $2,927 |
| John Hagerty | Board Member Trustee or director | 1 | $0 | $0 |
| Russlyn Cook | Board Member Trustee or director | 1 | $0 | $0 |
| Greg Raysor | Board Member Trustee or director | 1 | $0 | $0 |
| Scott Dirksen | Board Member Trustee or director | 1 | $0 | $0 |
| Rita Harris | Board Member Trustee or director | 1 | $0 | $0 |
| Greg Buchanan | Fmr. Chairman Trustee or director, Officer | 2 | $0 | $0 |
| Giuseppe Bisculca | Acting Chair Trustee or director, Officer | 1 | $0 | $0 |
| Craig Krasinski | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Mark Moser | Board Member Trustee or director | 0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 800 N EASTON RD, GLENSIDE, PA 19038-3808
- In care of
- % CHARLES MARSH
- Signed the 990
- anne Macha, Executive Dir.
- Website
- www.newlifethriftinc.org
- Return prepared by
- Morey Nee Buck & Oswald LLC
Mission
The primary activity is the operation of two thrift stores. All store merchandise is donated to the stores. Merchandise that is accepted and sold at the stores includes clothing, knick knacks, furniture, books and jewelry. A portion of the net proceeds from sales are distributed to the church on a quarterly basis to help individuals in the community of the store in need.
Program accomplishments
- The primary activity is the operation of two thrift stores. All store merchandise is donated to the stores. Merchandise that is accepted and sold at the stores includes clothing, knick knacks, furniture, books and jewelry. A portion of the net proceeds from sales are distributed to the church on a quarterly basis to help individuals in the community of the store in need.Expenses $2,303,482 · grants $51,000 · revenue $2,243,479
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 27-4526837
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2011
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T50)
- Assets (IRS master file)
- $2,801,394
- Income (IRS master file)
- $2,243,479
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,243,479 | $2,478,997 | $2,801,394 | XML |
| 990 | June 2024 | $2,431,051 | $2,453,194 | $3,063,716 | XML |
| 990 | June 2023 | $2,452,018 | $2,405,242 | $3,110,049 | XML |
| 990 | June 2022 | $2,798,421 | $2,160,813 | $3,098,970 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | 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 27-4526837).
Questions about NEW LIFE THRIFT INC
- What is the EIN of NEW LIFE THRIFT INC?
- The employer identification number (EIN) of NEW LIFE THRIFT INC is 27-4526837.
- Is NEW LIFE THRIFT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
- Are donations to NEW LIFE THRIFT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW LIFE THRIFT 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 NEW LIFE THRIFT INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEW LIFE THRIFT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who are the officers and directors of NEW LIFE THRIFT INC?
- The 990 for the year ended June 30, 2025 lists 10 people; 1 received compensation from the organization, the highest $58,500 (Anne Macha, Executive Dir.).
- How much revenue does NEW LIFE THRIFT INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,243,479, expenses of $2,478,997 and total assets of $2,801,394 at year end.
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