Inter-Faith Treasure House

Analysis

Inter-Faith Treasure House is a registered charity in United States, based in Camas, WA. It received its IRS tax-exemption ruling in July 1994, 32 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 May 2024, Inter-Faith Treasure House reported income of $930k and spending of $937k, spending 101% of its income. Across the 5 years on record, from May 2020 to May 2024, income fell from $1.2m to $930k (-25%), an average of -6.8% a year. The sharpest change came in the year to May 2023, when income rose by 210%. Over the whole period it spent 142% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Inter-Faith Treasure House sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within WA. Charities of a similar size with the same main cause include Nauset Youth Alliance ($930k), Coastal Foodshed Inc ($930k) and Family Support Organization of Morris and Sussex Counties ($930k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 92% and program service revenue 7.9% of the total. Compensation of current officers, directors and key employees was $74k (7.9% of expenses). At year end it held assets of $883k against liabilities of $75k, net assets of $808k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.