Treasury of Lives Inc

Analysis

Treasury of Lives Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 2016, 10 years ago. 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 December 2023, Treasury of Lives Inc reported income of $196k and spending of $164k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $186k to $196k (+5.3%), an average of +1.3% a year. The sharpest change came in the year to December 2021, when income rose by 112%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Treasury of Lives Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within NY. Charities of a similar size with the same main cause include Villages Medical Auxiliary ($196k), Friends of Education Exchange Ltd ($196k) and Vetfund Foundation ($196k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $69k (42% of expenses). Other salaries and wages came to $64k. At year end it held assets of $57k against liabilities of $0, net assets of $57k. It reported 2 employees.