Treasures in Heaven

Analysis

Treasures in Heaven is a registered charity in United States, based in Snoqualmie, WA. It received its IRS tax-exemption ruling in July 2021, 5 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, Treasures in Heaven reported income of $345k and spending of $323k, spending 94% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $215k to $345k (+60%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Treasures in Heaven sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within WA. Charities of a similar size with the same main cause include Coaching for Everyone Inc ($345k), Hogans Junior Golf Heroes Foundation ($345k) and Hispanic Family Foundation Inc ($344k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $83k (26% of expenses). Other salaries and wages came to $38k. At year end it held assets of $72k against liabilities of $25k, net assets of $47k.