Treasures for Hope

Analysis

Treasures for Hope is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in November 2013, 13 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Treasures for Hope reported income of $2.0m and spending of $7.3m, spending 363% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $546k to $2.0m (+269%), an average of +39% a year. The sharpest change came in the year to December 2022, when income rose by 210%. Over the whole period it spent 131% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Treasures for Hope sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within FL. Charities of a similar size with the same main cause include Abused Deaf Womens Advocacy Services ($2.0m), Thrive International ($2.0m) and Abilities Unlimited of Fort Smith Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% of the total. Other salaries and wages came to $64k. At year end it held assets of $8.2m against liabilities of $37k, net assets of $8.1m. It reported 3 employees.