Ministry Spotlight: Tim Tebow Foundation
Organization sees increased revenue, expenses, and net assets
This week, the Tim Tebow Foundation’s (TTF) ratings changed in two different MinistryWatch categories. Its Financial Efficiency rating fell from 3 stars to 2 stars, prompting its Donor Confidence Score to drop from 95 to an 80 (still within the “Give With Confidence” tier).
Photo via social media @Tim Tebow Foundation
MinistryWatch’s Financial Efficiency rating is based, in part, on Asset Utilization. Asset Utilization measures the way an organization uses its assets to further its programming and operations. An organization with fewer financial liabilities, like net assets or debt, will have a higher score.
As of 2022, the Tim Tebow Foundation has $44.5 million in net assets, giving it a 1-star Asset Utilization rating. This marks a significant increase from 2020, when the organization had $16.7 million in net assets.
Over the last few years, the organization, its revenue and expenses have jumped around significantly.
From 2020 to 2021, its revenue spiked from $10.3 million to $40.1 million. It then dropped down to $21.9 million in 2022. Meanwhile, its expenses grew steadily from $8.1 million to $19.4 million between 2020 and 2022.
Headquartered in Jacksonville, Fla., and founded by former NFL quarterback Tim Tebow, the organization focuses on four main initiatives: Anti-Human Trafficking and Child Exploitation, Orphan Care + Prevention, Medical Needs and Special Needs Ministry.
According to its 2022 Form 990, Tim Tebow does not collect a salary from the organization.
MinistryWatch Donor Confidence Score: 80 (out of a possible 100) “Give With Confidence”
MinistryWatch Financial Efficiency Rating: 2 Stars (out of a possible 5 Stars)
MinistryWatch Transparency Grade: A
ECFA Member? Yes
Revenue in Most Recent Year Available: $21,976,856
Five-Year Revenue Trend: Increasing (by about 217%)
Percent of Revenue the Tim Tebow Foundation Spends on Fundraising: 6%
Percent Peer Group Spends on Fundraising: 6%
CEO/President: Steve Biondo
President’s Salary and Other Compensation: Information not available (Form 990 records no compensation for president or other executives)
A complete MinistryWatch profile for the Tim Tebow Foundation can be found here.
Find recent MinistryWatch articles mentioning the Tim Tebow Foundation here.
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