Chip Hilton Classic Foundation

Analysis

Chip Hilton Classic Foundation is a registered charity in United States, based in P C Beach, FL. It received its IRS tax-exemption ruling in March 2016, 10 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Chip Hilton Classic Foundation reported income of $149k and spending of $150k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $75k to $149k (+99%), an average of +99% a year. The sharpest change came in the year to December 2023, when income rose by 99%. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Chip Hilton Classic Foundation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 51st percentile within FL. Charities of a similar size with the same main cause include Davidson Cares Inc ($149k), Veterans Trust ($149k) and Sarahs Fight for Hope Foundation ($149k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $661 against liabilities of $0, net assets of $661.