Precious Treasures Inc

Analysis

Precious Treasures Inc is a registered charity in United States, based in W Lafayette, OH. It received its IRS tax-exemption ruling in June 1996, 30 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 2022, Precious Treasures Inc reported income of $328k and spending of $364k, spending 111% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $301k to $328k (+9.2%), an average of +3.0% a year. The sharpest change came in the year to December 2021, when income rose by 66%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Precious Treasures Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within OH. Charities of a similar size with the same main cause include State Historical Society of ND Foundation ($328k), Grant a Wish Inc ($328k) and Friends of the Winter Haven Public Library Inc ($328k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 23% and program service revenue 76% of the total. Other salaries and wages came to $226k. At year end it held assets of $45k against liabilities of $17k, net assets of $28k. It reported 34 employees.