Q:

Are all thrift stores charitable organizations?

A:

Quick Answer

Not all thrift stores are nonprofit or charitable organizations. Stores like Savers and Valu Thrift are private businesses.

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Are all thrift stores charitable organizations?
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Full Answer

Although consignment and thrift stores both sell secondhand goods, there are differences between the two. For example, thrift stores often donate their proceeds to charity and sell their good at lower prices than consignment stores. Similarly, consignment stores purchase their secondhand items, while thrift stores receive their stock from donations.

A thrift store that operates as a charitable organization will give both the purchasing and the donating customer a tax deduction receipt. Thrift stores cannot be non-profit unless they are owned by an organization such as a church.

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