Garden of Hope of Central Texas

Analysis

Garden of Hope of Central Texas is a registered charity in United States, based in Salado, TX. It received its IRS tax-exemption ruling in October 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Garden of Hope of Central Texas reported income of $1.1m and spending of $1.4m, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $589k to $1.1m (+85%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 97%. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Garden of Hope of Central Texas sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include Prescott Community Cupboard Food Bank Inc ($1.1m), American Care Foundation ($1.1m) and Silver Spring Child Day Care Association Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $484k against liabilities of $708k, net assets of -$224k.

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.