Timeless Gifts

Analysis

Timeless Gifts is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 2012, 14 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Timeless Gifts reported income of $296k and spending of $345k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $42k to $296k (+613%), an average of +63% a year. The sharpest change came in the year to December 2022, when income rose by 164%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Timeless Gifts sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 62nd percentile within IL. Charities of a similar size with the same main cause include Brewery Collectibles Club of America Inc ($296k), Sandcastles a Lake Michigan Childrens Museum Inc ($296k) and Arts Center at Duck Creek Inc ($296k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 18% of the total. Other salaries and wages came to $78k. At year end it held assets of $152k against liabilities of $0, net assets of $152k. It reported 2 employees.