Tilt Lab

Analysis

Tilt Lab is a registered charity in United States, based in Mount Vernon, IA. It received its IRS tax-exemption ruling in April 2021, 5 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, Tilt Lab reported income of $137k and spending of $22k, leaving 84% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $48k to $137k (+187%), an average of +187% a year. The sharpest change came in the year to December 2023, when income rose by 187%. Over the whole period it spent 12% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Tilt Lab sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within IA. Charities of a similar size with the same main cause include Dallas County Hospital Foundation Inc ($137k), Orleans Community Health Foundation Inc ($137k) and Iuoe Local 15 Charitable Trust ($137k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $566k against liabilities of $0, net assets of $566k.