Treasures of Joy Corporation

Analysis

Treasures of Joy Corporation is a registered charity in United States, based in Oxford, NC. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Corporation reported income of $66k and spending of $63k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $54k to $66k (+22%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 108% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Treasures of Joy Corporation sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 24th percentile within NC. Charities of a similar size with the same main cause include Visitors Bureau of Highland County ($66k), Historic Midtown Development Group ($66k) and Historic Kenwood Neighborhood Association Inc ($66k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $248k against liabilities of $186k, net assets of $62k.