Blossoms of Hope the Howard County Cherry Tree Project Inc

Analysis

Blossoms of Hope the Howard County Cherry Tree Project Inc is a registered charity in United States, based in Ellicott City, MD. It received its IRS tax-exemption ruling in June 2006, 20 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2024, Blossoms of Hope the Howard County Cherry Tree Project Inc reported income of $146k and spending of $140k, spending 96% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $137k to $146k (+6.7%), an average of +3.3% a year. The sharpest change came in the year to June 2024, when income rose by 150%. Over the whole period it spent 118% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Blossoms of Hope the Howard County Cherry Tree Project Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within MD. Charities of a similar size with the same main cause include Dress for Success Dallas ($146k), Centro Communitario Hispano- Americano ($146k) and Grow Iowa Foundation Inc ($146k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 152% of the total. Other salaries and wages came to $97k. At year end it held assets of $220k against liabilities of $48k, net assets of $173k. It reported 3 employees.