Ty Foundation Inc

Analysis

Ty Foundation Inc is a registered charity in United States, based in Perdido, AL. 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, Ty Foundation Inc reported income of $62k and spending of $26k, leaving 58% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $12k to $62k (+417%), an average of +417% a year. The sharpest change came in the year to December 2023, when income rose by 417%. Over the whole period it spent 62% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Ty Foundation Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 23rd percentile within AL. Charities of a similar size with the same main cause include Greenridge Deam Team Foundation ($62k), Lambda Theta Alpha Foundation Inc ($62k) and Just Heart Help Inc ($62k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 52% of the total. At year end it held assets of $58k against liabilities of $0, net assets of $58k.