Community Giving Tree Inc

Analysis

Community Giving Tree Inc is a registered charity in United States, based in Boxford, MA. It received its IRS tax-exemption ruling in June 2009, 17 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 June 2024, Community Giving Tree Inc reported income of $861k and spending of $686k, leaving 20% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $282k to $861k (+206%), an average of +25% a year. The sharpest change came in the year to June 2021, when income rose by 57%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Community Giving Tree Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MA. Charities of a similar size with the same main cause include Grammys House Artesia Domestic ($861k), Ridgeview Heights Independent Living Corporation ($862k) and Fulton County Council on Aging ($861k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 81% of the total. Compensation of current officers, directors and key employees was $66k (9.7% of expenses). Other salaries and wages came to $138k. At year end it held assets of $1.0m against liabilities of $211k, net assets of $794k. It reported 14 employees.