Fair Market Value (FMV)

The calculating of the dollar value of non-cash donations for tax write offs are determined by the IRS. The IRS requires the usage of a fair market value when calculating the price a buyer is willing to pay for an item in secondhand condition.

To calculate how we achieve the total pricing of our donations, we value them based on this Fair Market Value. Specifically, they are parallel with the values that major charitable organizations such as Goodwill and Salvation Army provide.

For items in good condition, we value the item at 10-20% of its original retail price. Items in excellent and pristine condition are valued at 30-50% of its original retail price.