Tip It Forward

Analysis

Tip It Forward is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in April 2019, 7 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, Tip It Forward reported income of $230k and spending of $166k, leaving 28% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $159k to $230k (+44%), an average of +44% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 68% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Tip It Forward sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within KY. Charities of a similar size with the same main cause include Mission Frankfort Clinic Inc ($230k), Perry County Memorial Hospital Foundation Inc ($230k) and Crossroads Pregnancy Clinic ($230k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. Other salaries and wages came to $72k. At year end it held assets of $159k against liabilities of $3,346, net assets of $155k. It reported 2 employees.