Troost Thrift Store Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
Provide Clothing and household goods at low or no cost to the economically depressed community in which the store is located.
- Income
- $402,310
- Spending
- $411,436
- Spent on programs
- 86%
- Reserves
- 2.5 months of spending
- Largest source of income
- fees for its services, 93%
- Employees
- 19
- Volunteers
- 100
- Highest pay
- $12,490, president
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
Fair: 63 out of 100. Higher than 33% of charities in its peer group (human services, $250k to $1m).
Reserves
10 of 35Spendable reserves would cover 2.5 months of spending.
Debt
20 of 20It owes 1% of what it owns.
Living within its means
8 of 15Spending exceeded income by 2% of income.
Income trend
10 of 15Income fell 3% on the year before.
Spending floor
15 of 1586% 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: 41 out of 100. Higher than 11% of charities in its peer group (human services, $250k to $1m).
Independent board
5 of 250 of 4 voting board members are independent.
Conflict of interest policy
15 of 15Has a 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.
Pay set independently
0 of 5Reports no independent review process for its chief executive's pay.
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 (3)
- $293,838 spent. Troost39 is 501c3 organization committed to supporting our Kansas City community by Striving to be a Beloved Community as envisioned by Dr. Martin Luther King Jr.based on justice, equal opportunity, and love for ones fellow human beings, with core values of peace, inclusiveness, and love. Operating a retail store with low-priced, high-quality, essential household and personal items to our customers, many of whom lack transportation and/or the money to shop at the big retailers.
- $8,050 spent. T39 Ministry program offers assistance to those most in need, by partnering withsocial service agencies throughout the city, and welcoming as friends and neighbors all who come to our door.
- $52,556 spent. With the aim to identify and develop local, aspiring Black artists to remain in Kansas City, Troost39 Thrift Store created a collective of artists is known as The Gift of Troost TGOT. Troost39 awarded 3,000 grants to selected recipients, conducted group gatherings for support every two-three months, and held an Art Showcase in order for these artists to sell their work. In addition, we have partnered with a strong local non-profit organization, Kansas City G.I.F.T., who provides such as artists with business education and promotion services.
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, 2022 for not filing returns for three years, and reinstated on May 15, 2022.
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 May 2023.
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.