Tb1 Fund Inc

Analysis

Tb1 Fund Inc is a registered charity in United States, based in Blaine, MN. It received its IRS tax-exemption ruling in November 2021, 5 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, Tb1 Fund Inc reported income of $542k and spending of $350k, leaving 35% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $105k to $542k (+417%), an average of +127% a year. The sharpest change came in the year to December 2022, when income rose by 329%. Over the whole period it spent 69% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Tb1 Fund Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within MN. Charities of a similar size with the same main cause include Parkinson Place Inc ($542k), West House Corporation ($542k) and Winneshiek Medical Center Foundation ($542k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 109% of the total. At year end it held assets of $348k against liabilities of $6,052, net assets of $342k.