Tresco Inc

Analysis

Tresco Inc is a registered charity in United States, based in Las Cruces, NM. It received its IRS tax-exemption ruling in November 1970, 56 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, Tresco Inc reported income of $18.8m and spending of $18.8m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $23.1m to $18.8m (-19%), an average of -5.1% a year. The sharpest change came in the year to June 2022, when income dropped by 15%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tresco Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NM. Charities of a similar size with the same main cause include El Concilio California ($18.8m), Communitas Inc ($18.8m) and Martin Health Center Inc ($18.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.2% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $204k (1.1% of expenses). Other salaries and wages came to $10.7m. At year end it held assets of $10.9m against liabilities of $1.4m, net assets of $9.5m. It reported 563 employees.