Trees of Hope

Analysis

Trees of Hope is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in January 1995, 31 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Trees of Hope reported income of $545k and spending of $540k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $370k to $545k (+47%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 26%. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Trees of Hope 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 71st percentile, and in the 76th percentile within TX. Charities of a similar size with the same main cause include Friendship House American Indian Healing Center Inc ($544k), Brunswick Housing Development Corporation ($545k) and Golden Empire Chdo Affordable Housing Inc ($544k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $52k (9.7% of expenses). Other salaries and wages came to $16k. At year end it held assets of $55k against liabilities of $1,543, net assets of $54k. It reported 2 employees.