Growing Tree Inc

Analysis

Growing Tree Inc is a registered charity in United States, based in Palm Harbor, FL. It received its IRS tax-exemption ruling in February 1990, 36 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Growing Tree Inc reported income of $382k and spending of $275k, leaving 28% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $218k to $382k (+75%), an average of +20% a year. The sharpest change came in the year to June 2021, when income rose by 48%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Growing Tree 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 66th percentile, and in the 69th percentile within FL. Charities of a similar size with the same main cause include Resonance Project Foundation ($382k), Huntington Beach Council on Aging ($382k) and Habitat for Humanity International Inc ($381k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $52k (19% of expenses). Other salaries and wages came to $156k. At year end it held assets of $287k against liabilities of $6,605, net assets of $281k. It reported 14 employees.