Tip Inc

Analysis

Tip Inc is a registered charity in United States, based in Brainerd, MN. It received its IRS tax-exemption ruling in February 1994, 32 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Tip Inc reported income of $56k and spending of $46k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $62k to $56k (-8.6%), an average of -8.6% a year. Over the whole period it spent 74% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Tip Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 18th percentile within MN. Charities of a similar size with the same main cause include Valhalla Sports Booster Club Inc ($56k), United States Luge Federation Foundation Inc ($56k) and Shakopee Volleyball Booster Club ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 16% of the total. At year end it held assets of $381k against liabilities of $1,871, net assets of $379k.