Local 294 Teamsters Care

Analysis

Local 294 Teamsters Care is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in February 2007, 19 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, Local 294 Teamsters Care reported income of $152k and spending of $142k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $115k to $152k (+32%), an average of +7.2% a year. Over the whole period it spent 79% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Local 294 Teamsters Care 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 47th percentile, and in the 46th percentile within NY. Charities of a similar size with the same main cause include Bridging Communities Regional Ctefoundation Incorporation ($152k), Temple Brith Kodesh Foundation ($152k) and Minnesota Valley Electric Trust ($152k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $382k against liabilities of $0, net assets of $382k.