Treasure City

Analysis

Treasure City is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Treasure City reported income of $230k and spending of $214k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $200k to $230k (+15%), an average of +15% a year. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Treasure City sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 61st percentile within TX. Charities of a similar size with the same main cause include Independence Square Incorporated ($230k), Zichron Shmuel Yechezkel a NJ Nonprofit Corporation ($230k) and Loaves & Fishes of the Fox Valley Inc ($230k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $51k (24% of expenses). Other salaries and wages came to $5,127. At year end it held assets of $52k against liabilities of $4,083, net assets of $48k. It reported 5 employees.