Lifetree Foundation Inc

Analysis

Lifetree Foundation Inc is a registered charity in United States, based in McKinney, TX. It received its IRS tax-exemption ruling in February 2020, 6 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 2022, Lifetree Foundation Inc reported income of $150k and spending of $3,925, leaving 97% of income unspent that year. Across the 2 years on record, from December 2019 to December 2022, income fell from $300k to $150k (-50%), an average of -50% a year. The sharpest change came in the year to December 2022, when income dropped by 50%. Over the whole period it spent 1.9% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lifetree Foundation Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 51st percentile within TX. Charities of a similar size with the same main cause include Attleboro Enterprises Development Corporation Inc ($150k), Marys Place Boarding House Inc ($150k) and Lewiston Meadows Elderly Housingdevelopment Fund Corporation ($150k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $432k against liabilities of $0, net assets of $432k.