Tim Tebow Foundation Inc

Analysis

Tim Tebow Foundation Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in April 2016, 10 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 September 2023, Tim Tebow Foundation Inc reported income of $25.8m and spending of $27.8m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to September 2023, income grew from $8.3m to $25.8m (+210%), an average of +33% a year. The sharpest change came in the year to December 2021, when income rose by 289%. Over the whole period it spent 70% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Tim Tebow Foundation Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include Seeding Justice ($25.7m), Dayton Foundation Plus Inc ($25.9m) and Gavin Foundation Inc ($25.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $348k (1.3% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $43.5m against liabilities of $97k, net assets of $43.4m. It reported 54 employees.