My Tribute Gift Foundation Inc

Analysis

My Tribute Gift Foundation Inc is a registered charity in United States, based in Land O Lakes, FL. It received its IRS tax-exemption ruling in June 2013, 13 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, My Tribute Gift Foundation Inc reported income of $879k and spending of $880k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.6m to $879k (-46%), an average of -14% a year. The sharpest change came in the year to December 2022, when income dropped by 22%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, My Tribute Gift Foundation Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within FL. Charities of a similar size with the same main cause include Gorge Community Foundation ($879k), United Jewish Federation of Princeton Mercer Bucks Inc ($879k) and Compassionate Care Givers Inc ($878k).

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 $178k against liabilities of $139k, net assets of $39k.