Special Treasures of Iredell County Inc

Analysis

Special Treasures of Iredell County Inc is a registered charity in United States, based in Statesville, NC. It received its IRS tax-exemption ruling in May 2016, 10 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, Special Treasures of Iredell County Inc reported income of $840k and spending of $553k, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $453k to $840k (+86%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 70% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Special Treasures of Iredell County Inc sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within NC. Charities of a similar size with the same main cause include Family Counseling Center of St Pauls Inc ($840k), Nex-Generation Round Up for Youth Inc ($840k) and Aharo Hawaii ($840k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 73% of the total. Other salaries and wages came to $254k. At year end it held assets of $1.8m against liabilities of $43k, net assets of $1.7m. It reported 32 employees.