Heavens Treasure

Analysis

Heavens Treasure is a registered charity in United States, based in Bluffton, SC. It received its IRS tax-exemption ruling in November 2022, 4 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 December 2023, Heavens Treasure reported income of $201k and spending of $168k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $75k to $201k (+167%), an average of +167% a year. The sharpest change came in the year to December 2023, when income rose by 167%. 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, Heavens Treasure sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 59th percentile within SC. Charities of a similar size with the same main cause include St James Lutheran Child Care Ministry ($201k), Handal Family Foundation ($201k) and Family and Faith Ministries ($200k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.7% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $51k (31% of expenses). At year end it held assets of $46k against liabilities of $2,172, net assets of $43k. It reported 2 employees.