TBS Endowment Fund Inc

Analysis

TBS Endowment Fund Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in February 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, TBS Endowment Fund Inc reported income of $68k and spending of $6,452, leaving 91% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $443k to $68k (-85%), an average of -37% a year. The sharpest change came in the year to December 2023, when income rose by 613%. Over the whole period it spent 3.1% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, TBS Endowment Fund Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 30th percentile within FL. Charities of a similar size with the same main cause include Diversified Specialty Services Inc ($68k), Resource Connection Outreach Center ($68k) and Womens Refuge of St Johns County Inc ($68k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.6% of the total. At year end it held assets of $1.6m against liabilities of $9,651, net assets of $1.6m.