Treasures of Joy

Analysis

Treasures of Joy is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in July 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Treasures of Joy reported income of $901k and spending of $668k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $414k to $901k (+117%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 88%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Treasures of Joy 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 78th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include Palatine Township Senior Citizens Council ($901k), Montgomery County Child Development Association Inc ($901k) and Virginia Voice Inc ($901k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 79% of the total. Other salaries and wages came to $278k. At year end it held assets of $349k against liabilities of $0, net assets of $349k. It reported 16 employees.