Princeton Twice New Clothing and Treasures

Analysis

Princeton Twice New Clothing and Treasures is a registered charity in United States, based in Princeton, MN. It received its IRS tax-exemption ruling in July 2018, 8 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, Princeton Twice New Clothing and Treasures reported income of $178k and spending of $148k, spending 83% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $141k to $178k (+27%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Princeton Twice New Clothing and Treasures sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within MN. Charities of a similar size with the same main cause include Foundation Dinners ($178k), West Michigan Veterans Assistance Program ($178k) and Tibetan Nyingma Relief Foundation ($178k).

At year end it held assets of $89k against liabilities of $0, net assets of $89k.