Banyan Tree Project Inc

Analysis

Banyan Tree Project Inc is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 2023, Banyan Tree Project Inc reported income of $154k and spending of $118k, leaving 24% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $115k to $154k (+35%), an average of +35% a year. The sharpest change came in the year to June 2023, when income rose by 35%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Banyan Tree Project Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 52nd percentile within FL. Charities of a similar size with the same main cause include Check Your Compass ($154k), Hilltop Horizons Inc ($154k) and Drug Free Punta Gorda Corp ($154k).

On its Form 990-EZ for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $36k against liabilities of $0, net assets of $36k.