House of Tulip

Analysis

House of Tulip is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in June 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 2021, House of Tulip reported income of $937k and spending of $897k, spending 96% of its income. Across the 2 years on record, from December 2020 to December 2021, income fell from $1.1m to $937k (-15%), an average of -15% a year. The sharpest change came in the year to December 2021, when income dropped by 15%. Over the whole period it spent 49% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, House of Tulip sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within LA. Charities of a similar size with the same main cause include Volunteers of America Inc ($937k), Elijah Family Homes ($937k) and Moffat Gardens Housing Development Fund Corporation Inc ($935k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $107k (12% of expenses). Other salaries and wages came to $48k. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m. It reported 4 employees.