Treasured Friends Inc

Analysis

Treasured Friends Inc is a registered charity in United States, based in Highland, IN. It received its IRS tax-exemption ruling in May 1998, 28 years ago. 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 2023, Treasured Friends Inc reported income of $215k and spending of $189k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $179k to $215k (+20%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Treasured Friends Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 54th percentile within IN. Charities of a similar size with the same main cause include Essex County Historical Society ($214k), Vernon County Youth Fair ($215k) and Odessa Christmas in Action Inc ($214k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 41% of the total. At year end it held assets of $164k against liabilities of $0, net assets of $164k.