Tipton County Foundation Inc

Analysis

Tipton County Foundation Inc is a registered charity in United States, based in Tipton, IN. It received its IRS tax-exemption ruling in July 1986, 40 years ago. 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 2023, Tipton County Foundation Inc reported income of $3.6m and spending of $2.4m, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $3.6m (+63%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 105%. Over the whole period it spent 62% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tipton County Foundation Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within IN. Charities of a similar size with the same main cause include Bloom Community Services ($3.6m), Varsity Team Inc ($3.6m) and George Snow Scholarship Fund Inc ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $117k (4.9% of expenses). Other salaries and wages came to $194k. At year end it held assets of $52.6m against liabilities of $1.6m, net assets of $51.0m. It reported 5 employees.