Renewed Treasures Ministries

Analysis

Renewed Treasures Ministries is a registered charity in United States, based in Springfield, MO. It received its IRS tax-exemption ruling in April 2015, 11 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, Renewed Treasures Ministries reported income of $239k and spending of $253k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $189k to $239k (+26%), an average of +6.0% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Renewed Treasures Ministries sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within MO. Charities of a similar size with the same main cause include The Gillespie Center ($239k), Camp Sertoma Foundation Inc ($239k) and Reeves Community Center Foundationinc ($239k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% of the total. Compensation of current officers, directors and key employees was $49k (19% of expenses). Other salaries and wages came to $3,600. At year end it held assets of $194k against liabilities of $158k, net assets of $36k. It reported 4 employees.