Tip of the Spear Foundation

Analysis

Tip of the Spear Foundation is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in August 2012, 14 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 December 2023, Tip of the Spear Foundation reported income of $279k and spending of $263k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $281k to $279k (-0.8%), an average of -0.2% a year. The sharpest change came in the year to December 2021, when income rose by 84%. Over the whole period it spent 115% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Tip of the Spear Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 65th percentile within TX. Charities of a similar size with the same main cause include The Community Service Foundation ($279k), Festa Do Divino Espirito Santo of Oakdale ($279k) and Charlies Heart Foundation ($279k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $120k against liabilities of $0, net assets of $120k.