Casey Tibbs Foundation

Analysis

Casey Tibbs Foundation is a registered charity in United States, based in Fort Pierre, SD. It received its IRS tax-exemption ruling in January 1992, 34 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Casey Tibbs Foundation reported income of $402k and spending of $442k, spending 110% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $302k to $402k (+33%), an average of +7.4% a year. The sharpest change came in the year to September 2021, when income rose by 44%. Over the whole period it spent 129% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Casey Tibbs Foundation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within SD. Charities of a similar size with the same main cause include PAC 14 Inc ($401k), Veterans Council of Indian River County ($402k) and American Turkish Association Inc ($401k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 66% of the total. Compensation of current officers, directors and key employees was $81k (18% of expenses). Other salaries and wages came to $50k. At year end it held assets of $2.9m against liabilities of $10k, net assets of $2.9m. It reported 21 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.