Treasure House

Analysis

Treasure House is a registered charity in United States, based in Glendale, AZ. It received its IRS tax-exemption ruling in August 2013, 13 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Treasure House reported income of $2.7m and spending of $4.2m, spending 156% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $2.7m (+127%), an average of +23% a year. The sharpest change came in the year to December 2022, when income rose by 103%. Over the whole period it spent 123% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Treasure House sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within AZ. Charities of a similar size with the same main cause include Innovative Development and Living Solutions of California ($2.7m), Springfield Senior Citizens Housing Inc ($2.7m) and Oak Non Profit Apartments Inc ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $251k (6.0% of expenses). Other salaries and wages came to $1.3m. It paid $59k in professional fundraising fees. At year end it held assets of $9.9m against liabilities of $8.5m, net assets of $1.4m. It reported 38 employees.