Used Treasures Inc

Analysis

Used Treasures Inc is a registered charity in United States, based in Tulare, CA. It received its IRS tax-exemption ruling in May 2003, 23 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 June 2023, Used Treasures Inc reported income of $1.1m and spending of $983k, spending 91% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $778k to $1.1m (+39%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 17%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Used Treasures Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Jafco Jewish Adoption and Family Care Options Inc ($1.1m), Fair Haven Inc ($1.1m) and Walloon Lake Association and Conservancy ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $469k. At year end it held assets of $856k against liabilities of $21k, net assets of $835k. It reported 32 employees.