Yellow Tulip Project

Analysis

Yellow Tulip Project is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in April 2017, 9 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Yellow Tulip Project reported income of $366k and spending of $238k, leaving 35% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $223k to $366k (+64%), an average of +28% a year. The sharpest change came in the year to December 2022, when income rose by 99%. Over the whole period it spent 50% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Yellow Tulip Project sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 60th percentile within ME. Charities of a similar size with the same main cause include Progressive Familial Intrahepatic Cholestasis Advocacy and Resource ($366k), Caring & Sharing for Kids ($366k) and Abrazo Adoption Associates ($366k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% and program service revenue 0.4% of the total. Other salaries and wages came to $130k. It paid $7,913 in professional fundraising fees. At year end it held assets of $612k against liabilities of $0, net assets of $612k. It reported 4 employees.