Treasure Shop

Analysis

Treasure Shop is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in April 2013, 13 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 August 2024, Treasure Shop reported income of $125k and spending of $132k, spending 106% of what it took in. Across the 3 years on record, from August 2022 to August 2024, income grew from $86k to $125k (+44%), an average of +20% a year. The sharpest change came in the year to August 2023, when income rose by 26%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Treasure Shop sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 42nd percentile within VA. Charities of a similar size with the same main cause include North Dakota Rural Electric Cooperatives Foundation ($125k), Hacheshbone the Budget Inc ($125k) and Snack in a Backpack Inc ($125k).

On its Form 990-EZ for the period ending August 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $12k against liabilities of $0, net assets of $12k.