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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.1M
-1.5% YoY
Revenue
$2.4M
-0.9% YoY
Net Investment Income
$5K
+132.5% YoY
Expenses
$2.5M
+2.0% YoY
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 2024. As of 2024, the organization holds $3.1M in total assets. Net investment income was $5K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,063,716 | $3,110,049 | $3,098,970 |
| Revenue | $2,431,051 | $2,452,018 | $2,798,421 |
| Expenses | $2,453,194 | $2,405,242 | $2,160,813 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $4,631 | $1,992 | $899 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
3 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| David Channing | President | 50 | $120,412 |
| John Hagerty | Secretary | 1 | — |
| Russlyn Cook | Board Member | 1 | — |
| Greg Raysor | Board Member | 1 | — |
| Scott Dirksen | Board Member | 1 | — |
| Rita Harris | Board Member | 1 | — |
| Joe Bisulca | Board Member | 1 | — |
| Craig Krasinski | Treasurer | 1 | — |
| Mark Moser | Board Member | — | — |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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