Cape Cancer Thrift Shop Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
TO OPERATE A THRIFT SHOP AND DONATE THE NET PROFITS TO CANCER RESEARCH AND CHARITIES.
- Income
- $258,465
- Spending
- $224,459
- Spent on programs
- 77%
- Reserves
- 4.9 months of spending
- Largest source of income
- fees for its services, 97%
- Employees
- 0
- Volunteers
- 23
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 85 out of 100. Higher than 64% of charities in its peer group (human services, $250k to $1m).
Reserves
20 of 35Spendable reserves would cover 4.9 months of spending.
Debt
20 of 20It owes -4% of what it owns.
Living within its means
15 of 15Income exceeded spending by 13% of income.
Income trend
15 of 15Income rose 68% on the year before.
Spending floor
15 of 1577% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Weak: 48 out of 100. Higher than 16% of charities in its peer group (human services, $250k to $1m).
Independent board
25 of 257 of 7 voting board members are independent.
Conflict of interest policy
0 of 15Reports no written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
0 of 10Did not give the board a copy of this return before filing it.
Independent check of accounts
6 of 15Its accounts were not audited or reviewed by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $173,242 spent. WE ACCEPT AND SELL PREVIOUSLY-OWENED ITEMS. THE ITEMS ARE SOLD IN OUR VOLUNEER-RUN SHOP. ALL PROCEEDS, NET OF OPERATING EXPENSES ARE SENT DIRECTLY TO CHARITABLE ORGANIZATIONS DEVOTED TO CANCER RESEARCH AND CANCER PATIENT WELLNESS. AS THE SHOP CONTINUED TO GROW, WE EXEEDED PRIOR YEAR SALE LEVELS IN 2024. THIS PROVIDED US WITH THE OPPORTUNITY TO DONATE TO MULTIPLE CANCER CHARITIES FOR ANOTHER YEAR.IN 2024, OUR SERVICE REVENUE TOTALED $249,660. DUE TO THIS REVENUE INCREASE, WE WERE ABLE TO GIVE $142,650 TO CANCER RELATED CHARITABLE ORGANIZATIONS. AS A RESULT, WE CONTINUED TO FULFILL OUR MISSION, "TO OPERATE A THRIFT SHOP AND DONATE THE NET PROFITS TO CANCER RESEARCH AND CHARITIES".
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Worth knowing.
Status was revoked on May 15, 2012 for not filing returns for three years, and reinstated on May 15, 2012.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since December 2017.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.