Tucker W Hipps Memorial Foundation

Analysis

Tucker W Hipps Memorial Foundation is a registered charity in United States, based in Piedmont, SC. It received its IRS tax-exemption ruling in October 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Tucker W Hipps Memorial Foundation reported income of $54k and spending of $39k, leaving 28% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $73k to $54k (-26%), an average of -26% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tucker W Hipps Memorial Foundation sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 27th percentile within SC. Charities of a similar size with the same main cause include Ascent Funding Organization ($54k), Hononegah Opportunities for Public Education Foundation ($54k) and Orting Alumni Scholarship Foundation ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 33% of the total. At year end it held assets of $386k against liabilities of $0, net assets of $386k.