Hannahs Treasure Chest

Analysis

Hannahs Treasure Chest is a registered charity in United States, based in Miamisburg, OH. It received its IRS tax-exemption ruling in April 2002, 24 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, Hannahs Treasure Chest reported income of $3.8m and spending of $2.9m, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $3.8m (+132%), an average of +23% a year. The sharpest change came in the year to December 2021, when income rose by 86%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hannahs Treasure Chest sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within OH. Charities of a similar size with the same main cause include Lighthouse Mentoring Center ($3.8m), Family Care for Children&youth Inc ($3.8m) and Hope South Florida Inc ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $38k (1.3% of expenses). Other salaries and wages came to $148k. At year end it held assets of $2.0m against liabilities of $69k, net assets of $1.9m. It reported 12 employees.