Priceless Treasures Thrift Shop Inc

Analysis

Priceless Treasures Thrift Shop Inc is a registered charity in United States, based in Modesto, CA. It received its IRS tax-exemption ruling in December 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 June 2024, Priceless Treasures Thrift Shop Inc reported income of $716k and spending of $697k, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $359k to $716k (+100%), an average of +19% a year. The sharpest change came in the year to June 2021, when income rose by 45%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Priceless Treasures Thrift Shop Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include Rec2connect Foundation ($716k), Trauma Intervention Program of Portland Vancouver Inc ($716k) and Fortuna Senior Services Inc ($716k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $322k. At year end it held assets of $167k against liabilities of $20k, net assets of $147k. It reported 19 employees.