Tip of Texas Family Outreach Inc

Analysis

Tip of Texas Family Outreach Inc is a registered charity in United States, based in Brownsville, TX. It received its IRS tax-exemption ruling in March 1988, 38 years ago. 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 Texas Family Outreach Inc reported income of $164k and spending of $158k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $201k to $164k (-18%), an average of -5.0% a year. The sharpest change came in the year to December 2021, when income rose by 30%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tip of Texas Family Outreach Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 53rd percentile within TX. Charities of a similar size with the same main cause include Little League Baseball Inc ($164k), Lake Forest Foundation for Historic Preservation ($164k) and Whiting Lane Extended Day Care Inc ($164k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 104% and program service revenue 2.6% of the total. Other salaries and wages came to $84k. At year end it held assets of $392k against liabilities of $2,447, net assets of $389k. It reported 5 employees.