Tree of Life Center Inc

Analysis

Tree of Life Center Inc is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in August 1981, 45 years ago. 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 Life Center Inc reported income of $688k and spending of $702k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $635k to $688k (+8.4%), an average of +2.0% a year. The sharpest change came in the year to December 2022, when income dropped by 38%. Over the whole period it spent 113% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tree of Life Center 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 75th percentile, and in the 77th percentile within FL. Charities of a similar size with the same main cause include Neighborhood Justice Center Incorporated ($688k), Hillel the Foundation for Jewish Campus Life ($688k) and Tug Valley Recovery Shelter Association Inc ($688k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 99% of the total. Other salaries and wages came to $112k. At year end it held assets of $234k against liabilities of $265k, net assets of -$31k. It reported 32 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.