Tower Industry Family Support Charitable Foundation

Analysis

Tower Industry Family Support Charitable Foundation is a registered charity in United States, based in Watertown, SD. It received its IRS tax-exemption ruling in February 2014, 12 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Tower Industry Family Support Charitable Foundation reported income of $1.1m and spending of $152k, leaving 86% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $585k to $1.1m (+91%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 173%. Over the whole period it spent 18% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Tower Industry Family Support Charitable Foundation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within SD. Charities of a similar size with the same main cause include Multicare Rehabilitation Specialists PC ($1.1m), Chicago Coalition to Save Our Mental Health Centers ($1.1m) and Brain Injury Association of Nebraska Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. At year end it held assets of $5.3m against liabilities of $5,000, net assets of $5.3m.