Tipton County Economic Development Foundation Inc

Analysis

Tipton County Economic Development Foundation Inc is a registered charity in United States, based in Tipton, IN. It received its IRS tax-exemption ruling in May 1998, 28 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Tipton County Economic Development Foundation Inc reported income of $96k and spending of $40k, leaving 58% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $11k to $96k (+788%), an average of +107% a year. The sharpest change came in the year to December 2021, when income rose by 789%. Over the whole period it spent 43% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Tipton County Economic Development Foundation Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 33rd percentile within IN. Charities of a similar size with the same main cause include Petersville Community Non-Profit Corporation ($96k), TLV Charities ($96k) and Nevada Speech-Language-Hearing ($96k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $308k against liabilities of $0, net assets of $308k.