Treasures Ministries

Analysis

Treasures Ministries is a registered charity in United States, based in Sherman Oaks, CA. It received its IRS tax-exemption ruling in February 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Treasures Ministries reported income of $2.0m and spending of $733k, leaving 64% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $467k to $2.0m (+334%), an average of +44% a year. The sharpest change came in the year to December 2023, when income rose by 265%. Over the whole period it spent 54% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Treasures Ministries sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Child Safe Michigan ($2.0m), Center for Family Violence Prevention ($2.0m) and Turnaround Resource Center Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $25k (3.4% of expenses). Other salaries and wages came to $115k. It paid $6,135 in professional fundraising fees. At year end it held assets of $2.4m against liabilities of $30k, net assets of $2.3m. It reported 8 employees.