Precious Treasures Mission Inc
EIN: 742557151 · Somerton, AZ · NTEE: P28Z
| Metric | Value |
|---|---|
| Total Revenue | $400K |
| Total Expenses | $432K |
| Net Assets | $715K |
Is Precious Treasures Mission Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Precious Treasures Mission Inc
Precious Treasures Mission Inc (EIN: 742557151) is a nonprofit organization based in Somerton, AZ, classified under NTEE code P28Z. The organization reported total revenue of $400K and total assets of $846K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Precious Treasures Mission Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Precious Treasures Mission Inc is a small nonprofit that has been operating for 36 years, with 8 years of IRS 990 filings on record (2011–2018). Revenue has grown at a compound annual rate of -10.2%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $397K |
| Total Expenses | $432K |
| Surplus / Deficit | $-35,857 |
| Total Assets | $846K |
| Total Liabilities | $131K |
| Net Assets | $715K |
| Operating Margin | -9.0% |
| Debt-to-Asset Ratio | 15.5% |
| Months of Reserves | 23.5 months |
Financial Health Grade: B
In 2018, Precious Treasures Mission Inc reported a deficit of $36K with expenses exceeding revenue, holds 23.5 months of operating reserves (strong position), has a debt-to-asset ratio of 15.5% (very low leverage).
Financial Trends
Over 8 years of filings (2011–2018), Precious Treasures Mission Inc's revenue has declined at a compound annual growth rate (CAGR) of -10.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | -11.7% | -21.6% | -4.9% |
| 2017 | +14.2% | +14.2% | -10.8% |
| 2016 | -9.9% | +1.1% | +5.9% |
| 2015 | -20.9% | -0.9% | -4.1% |
| 2014 | +19.9% | -3.1% | +7.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Precious Treasures Mission Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Precious Treasures Mission Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $36K, with expenses exceeding revenue.
- Debt-to-asset ratio: 15.5%.
Frequently Asked Questions about Precious Treasures Mission Inc
Is Precious Treasures Mission Inc a legitimate charity?
Precious Treasures Mission Inc (EIN: 742557151) is a registered tax-exempt nonprofit based in Arizona. It has 8 years of IRS 990 filings on record. Total revenue: $400K. No red flags identified. Financial health grade: B.
How does Precious Treasures Mission Inc spend its money?
Precious Treasures Mission Inc reported $400K in total revenue in IRS 990 filings. 8 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Precious Treasures Mission Inc tax-deductible?
Precious Treasures Mission Inc is registered as a tax-exempt nonprofit (EIN: 742557151). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Precious Treasures Mission Inc located?
Precious Treasures Mission Inc is headquartered in Somerton, Arizona and files with the IRS under EIN 742557151. It is classified under NTEE code P28Z.
How many years of IRS 990 filings does Precious Treasures Mission Inc have?
Precious Treasures Mission Inc has 8 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $400K in total revenue.
Filing History
IRS 990 filing history for Precious Treasures Mission Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2018), Precious Treasures Mission Inc's revenue has declined by 53%, moving from $845K to $397K. Total assets decreased by 10% over the same period, from $940K to $846K. Total functional expenses fell by 27.1%, from $594K to $432K. In its most recent filing year (2018), Precious Treasures Mission Inc reported a deficit of $36K, with expenses exceeding revenue. The organization holds $131K in liabilities against $846K in assets (debt-to-asset ratio: 15.5%), resulting in net assets of $715K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $397K | $432K | $846K | $131K | — | View 990 |
| 2017 | $449K | $551K | $890K | $139K | — | View 990 |
| 2016 | $393K | $483K | $998K | $145K | — | View 990 |
| 2015 | $437K | $477K | $943K | $614 | — | View 990 |
| 2014 | $552K | $482K | $983K | $283 | — | View 990 |
| 2013 | $461K | $497K | $912K | $382 | — | View 990 |
| 2012 | $500K | $585K | $951K | $3K | — | View 990 |
| 2011 | $845K | $594K | $940K | $10K | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $397K, expenses of $432K, and assets of $846K (revenue -11.7% year-over-year).
- 2017: Revenue of $449K, expenses of $551K, and assets of $890K (revenue +14.2% year-over-year).
- 2016: Revenue of $393K, expenses of $483K, and assets of $998K (revenue -9.9% year-over-year).
- 2015: Revenue of $437K, expenses of $477K, and assets of $943K (revenue -20.9% year-over-year).
- 2014: Revenue of $552K, expenses of $482K, and assets of $983K (revenue +19.9% year-over-year).
- 2013: Revenue of $461K, expenses of $497K, and assets of $912K (revenue -7.9% year-over-year).
- 2012: Revenue of $500K, expenses of $585K, and assets of $951K (revenue -40.8% year-over-year).
- 2011: Revenue of $845K, expenses of $594K, and assets of $940K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Precious Treasures Mission Inc:
Data Sources and Methodology
This transparency report for Precious Treasures Mission Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.