New Life Thrift Inc logo

New Life Thrift Inc

Foundation · Grantmaker Glenside, PA EIN: 27-4526837 Website

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.

Key facts about New Life Thrift Inc

In short: New Life Thrift Inc gave $51K across 3 grants in 2025 (avg $17K), mostly in Pennsylvania. Source: 2025 IRS Form 990.

EIN
27-4526837
Latest 990 filing
Form 990, 2025
Annual giving (2025)
$51,000
Grants made (2025)
3
Average grant
$17,000
Median grant
$15,000
Total assets
$2,801,394
Primary geography
Pennsylvania (100% of itemized 2025 grant dollars)

Data from IRS Form 990, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$2.8M

-8.6% YoY

Annual Giving

$51K

Grant Count

3

Avg Grant Size

$17K

About New Life Thrift Inc

Based on IRS filings

New Life Thrift Inc is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in Glenside, PA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $2.8M in total assets. In 2025, it awarded 3 grants totaling $51K. Net investment income was $6K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Share of all 3 itemized 2025 grant dollars.

Cities

GlensidePhiladelphia

Giving Over Time

Total grant dollars and number of grants per year

$0$25K$50K$75K$100K0 grants20203 grants20210 grants20220 grants20230 grants20243 grants2025

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2025

New Life Presbyterian Church: $25KNew Life Presbyterian Church$25KNew Life Nursery School: $15KNew Life Nursery School$15KHelping India Together: $11KHelping India Together$11K

Grant Size Distribution

6 grants across all recorded years

5<$50K1$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
New Life Presbyterian Church Glenside, PAAssist with ministry$25,000
New Life Nursery School Glenside, PAAssist with ministry$15,000
Helping India Together Glenside, PAAssist with ministry$11,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$1M$2M$3M$4M202020212022202320242025
Metric202520242023
Total Assets$2,801,394$3,063,716$3,110,049
Revenue$2,243,479$2,431,051$2,452,018
Expenses$2,478,997$2,453,194$2,405,242
Qualifying Distributions———
Net Investment Income$5,593$4,631$1,992
Distributable Amount———

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2021 (received by the IRS May 4, 2022)
  2. Updated Form 990 for fiscal year 2025 (received by the IRS April 17, 2026)

Leadership & Key People

Officers and directors from IRS filings

New Life Thrift Inc is led by David Channing, President since 2024 (on filings since 2020); 1 of 10 officers listed in 2025 is compensated.

Officers on the 2025 filing

  • David Channing

    President

    Executive Director → President, 2024

    On filings since 2020

    50 hrs/week

    $120K (2021) → $0 (2025)

  • Anne Macha

    Executive Director

    New on the 2025 filing

    50 hrs/week

    $59K (2025)

  • Carolyn Stonehouse

    Chairwoman

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Craig Krasinski

    Treasurer

    On filings since 2020

    1 hr/week

    No compensation reported

  • Greg Raysor

    Board Member

    On filings since 2020

    1 hr/week

    No compensation reported

  • John Hagerty

    Board Member

    Board Member → Secretary, 2024

    Secretary → Board Member, 2025

    On filings since 2020

    1 hr/week

    No compensation reported

  • Mark Moser

    Board Member

    On filings since 2020

    1 hr/week

    No compensation reported

  • Rita Harris

    Board Member

    On filings since 2020

    1 hr/week

    No compensation reported

  • Russlyn Cook

    Board Member

    On filings since 2020

    1 hr/week

    No compensation reported

  • Scott Dirksen

    Board Member

    On filings since 2020

    1 hr/week

    No compensation reported

Former officers (4)
  • Former: Joe Bisulca (2024) — Board Member
  • Former: Giuseppe Bisculca (2020–2023) — Acting Chair
  • Former: Greg Buchanan (2020–2023) — Fmr. Chairman
  • Former: Dennis Reidenbach (2020–2021) — Board Member

Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2025 IRS filing

Anne Macha — Executive Dir.: $59KAnne MachaExecutive Dir.$59K

Frequently asked questions about New Life Thrift Inc

How much does New Life Thrift Inc give each year?

New Life Thrift Inc gave $51K across 3 grants in 2025, according to its 2025 IRS Form 990.

What is New Life Thrift Inc's typical grant size?

New Life Thrift Inc's median grant in 2025 was $15,000, and its average grant was $17,000, across 3 grants on its 2025 IRS Form 990.

Where does New Life Thrift Inc give grants?

New Life Thrift Inc gives mostly in Pennsylvania: 100% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The most frequent recipient cities were Glenside, PA (3 grants).

Does New Life Thrift Inc give general operating support?

Not in 2025: none of the 3 grants with a stated purpose on New Life Thrift Inc's 2025 IRS Form 990 were described as general or operating support. Recurring purposes include "Assist with ministry" (3 grants).

How large is New Life Thrift Inc?

New Life Thrift Inc reported $2.8M in total assets on its 2025 IRS Form 990. Its revenue that year was $2.2M.

What is New Life Thrift Inc?

New Life Thrift Inc is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in Glenside, PA. It holds $2.8M in total assets as of 2025.

What is New Life Thrift Inc's EIN?

New Life Thrift Inc's EIN (Employer Identification Number) is 27-4526837. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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