Treasury Institute of Higher Education Inc

Analysis

Treasury Institute of Higher Education Inc is a registered charity in United States, based in Lancaster, KY. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Treasury Institute of Higher Education Inc reported income of $498k and spending of $283k, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $730k to $498k (-32%), an average of -9.1% a year. The sharpest change came in the year to December 2020, when income dropped by 63%. Over the whole period it spent 91% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Treasury Institute of Higher Education Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within KY. Charities of a similar size with the same main cause include The Credit Union Foundation of New Mexico Inc ($497k), Raincoast Conservation Foundation ($498k) and Norfolk Area United Way Inc ($497k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $86k (30% of expenses). At year end it held assets of $485k against liabilities of $0, net assets of $485k.