Team Family Foundation Inc

Analysis

Team Family Foundation Inc is a registered charity in United States, based in Winnsboro, TX. It received its IRS tax-exemption ruling in April 2006, 20 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Team Family Foundation Inc reported income of $80k and spending of $193k, spending 243% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $346k to $80k (-77%), an average of -31% a year. The sharpest change came in the year to December 2020, when income dropped by 83%. Over the whole period it spent 226% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Team Family Foundation Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 33rd percentile within TX. Charities of a similar size with the same main cause include Equipped for Life Inc ($80k), Mens Leadership Community ($80k) and Mount Zion Center Foundation Inc ($80k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m.

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.