Treasured Vessels Foundation

Analysis

Treasured Vessels Foundation is a registered charity in United States, based in Frisco, TX. It received its IRS tax-exemption ruling in November 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Vessels Foundation reported income of $636k and spending of $742k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $230k to $636k (+176%), an average of +29% a year. The sharpest change came in the year to December 2020, when income rose by 136%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Treasured Vessels Foundation sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within TX. Charities of a similar size with the same main cause include Tag Community Living Inc ($636k), Elder-Aid ($636k) and Young Womens Christian Association of Mankato ($636k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 16% of the total. Other salaries and wages came to $329k. At year end it held assets of $668k against liabilities of $217k, net assets of $450k. It reported 11 employees.