Alexs Team Foundation Inc

Analysis

Alexs Team Foundation Inc is a registered charity in United States, based in Woburn, MA. It received its IRS tax-exemption ruling in December 2002, 24 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 April 2024, Alexs Team Foundation Inc reported income of $152k and spending of $245k, spending 161% of what it took in. Across the 5 years on record, from April 2020 to April 2024, income fell from $184k to $152k (-17%), an average of -4.6% a year. The sharpest change came in the year to April 2023, when income rose by 530%. Over the whole period it spent 117% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Alexs Team Foundation Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 52nd percentile within MA. Charities of a similar size with the same main cause include Beacon Community Foundation Inc ($152k), Charleston Resturant Foundation Inc ($152k) and Michigan Alliance of Union Painting Contractors-Industry Advancement ($152k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $58k against liabilities of $19k, net assets of $39k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.