New Life Thrift Inc
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.
New Life Thrift Inc at a glance
In short: New Life Thrift Inc gave $51K across 3 grants in 2025 (avg $17K), mostly in Pennsylvania. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $51,000
- Grants made (2025)
- 3
- Average grant
- $17,000
- Median grant
- $15,000
- Total assets
- $2,801,394
- -8.6% vs 2024
- Primary geography
- Pennsylvania (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who New Life Thrift Inc funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was New Life Presbyterian Church ($25K). Together the top 3 received $51K.
Grant Size Distribution
6 grants across all recorded years
The most common grant size was under $50K: 5 grants of 6 (83%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $51K (2025) to $91K (2021). In 2025 it made 3 grants totaling $51K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| New Life Presbyterian Church Glenside, PA | Assist with ministry | $25,000 |
| New Life Nursery School Glenside, PA | Assist with ministry | $15,000 |
| Helping India Together Glenside, PA | Assist with ministry | $11,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $2,801,394 | $2,243,479 | $2,478,997 | $51,000 | 3 | $5,593 |
| 2024 | $3,063,716 | $2,431,051 | $2,453,194 | — | — | $4,631 |
| 2023 | $3,110,049 | $2,452,018 | $2,405,242 | — | — | $1,992 |
| 2022 | $3,098,970 | $2,798,421 | $2,160,813 | — | — | $899 |
| 2021 | $1,745,552 | $2,183,383 | $1,900,761 | $90,582 | 3 | $508 |
| 2020 | $1,233,759 | $1,594,732 | $1,614,072 | — | — | $216 |
About New Life Thrift Inc
Based on IRS filings
New Life Thrift Inc is a public charity, 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.
Focus Areas
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
The highest reported compensation on the 2025 filing was $59K, to Anne Macha (Executive Dir.).
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'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.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2021 (received by the IRS May 4, 2022)
- Updated Form 990 for fiscal year 2025 (received by the IRS April 17, 2026)
Live grants for the work New Life Thrift Inc funds
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