Tree of Hope Association Inc

Analysis

Tree of Hope Association Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in October 2015, 11 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 December 2023, Tree of Hope Association Inc reported income of $739k and spending of $718k, spending 97% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $40k to $739k (+1756%), an average of +331% a year. The sharpest change came in the year to December 2022, when income rose by 1470%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Tree of Hope Association Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within MD. Charities of a similar size with the same main cause include Wethersfield Volunteer Ambulance Assn Inc ($738k), Amnion Pregnancy Center ($739k) and Childrens Center of Mercer County ($738k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 2.0% of the total. Other salaries and wages came to $287k. At year end it held assets of $103k against liabilities of $16k, net assets of $87k. It reported 6 employees.