Heart of the Tree City Inc

Analysis

Heart of the Tree City Inc is a registered charity in United States, based in Greensburg, IN. It received its IRS tax-exemption ruling in December 2005, 21 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 December 2023, Heart of the Tree City Inc reported income of $414k and spending of $112k, leaving 73% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $87k to $414k (+374%), an average of +374% a year. The sharpest change came in the year to December 2023, when income rose by 374%. Over the whole period it spent 42% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Heart of the Tree City Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within IN. Charities of a similar size with the same main cause include Montana Safety Services Council Inc ($414k), Holmes County Association for Handicapped Citizens Inc ($415k) and Holbrook First Step Workshop Inc ($414k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $66k (59% of expenses). At year end it held assets of $418k against liabilities of $0, net assets of $418k.