Tipton Cares

Analysis

Tipton Cares is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in September 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Tipton Cares reported income of $187k and spending of $38k, leaving 80% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $281k to $187k (-34%), an average of -34% a year. The sharpest change came in the year to December 2023, when income dropped by 34%. Over the whole period it spent 8.4% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tipton Cares sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within TX. Charities of a similar size with the same main cause include Hands of Faith Ministries Inc ($187k), Mintos Abc Daycare ($187k) and Victoria Acres Equine Facility Inc ($187k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $427k against liabilities of $0, net assets of $427k.