Tisbest Philanthropy

Analysis

Tisbest Philanthropy is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in February 2008, 18 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Tisbest Philanthropy reported income of $9.7m and spending of $10.2m, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.4m to $9.7m (+182%), an average of +30% a year. The sharpest change came in the year to June 2021, when income rose by 193%. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Tisbest Philanthropy sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within WA. Charities of a similar size with the same main cause include Community Foundation of Wabash County Inc ($9.7m), Catholic Community Foundation - Ohio ($9.7m) and Knox County Foundation ($9.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $195k (1.9% of expenses). Other salaries and wages came to $465k. At year end it held assets of $1.2m against liabilities of $726k, net assets of $430k. It reported 19 employees.