Tip of the Spear Ministries

Analysis

Tip of the Spear Ministries is a registered charity in United States, based in Moseley, VA. It received its IRS tax-exemption ruling in February 2021, 5 years ago. Its declared purposes cover mental health and crisis intervention, 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 of the Spear Ministries reported income of $239k and spending of $153k, leaving 36% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $100k to $239k (+138%), an average of +138% a year. The sharpest change came in the year to December 2023, when income rose by 138%. Over the whole period it spent 65% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Tip of the Spear Ministries 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 57th percentile within VA. Charities of a similar size with the same main cause include PJ Parkinsons Support Group of Blount County ($239k), Child Guidance Foundation Inc ($239k) and Gratitude House Inc ($239k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $11k (7.2% of expenses). At year end it held assets of $113k against liabilities of $0, net assets of $113k.