T E a M Foundation Inc

Analysis

T E a M Foundation Inc is a registered charity in United States, based in Lincolnton, NC. It received its IRS tax-exemption ruling in July 2011, 15 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2024, T E a M Foundation Inc reported income of $91k and spending of $41k, leaving 55% of income unspent that year. Across the 3 years on record, from April 2022 to April 2024, income grew from $85k to $91k (+6.9%), an average of +3.4% a year. The sharpest change came in the year to April 2024, when income rose by 95%. Over the whole period it spent 73% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, T E a M Foundation Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 32nd percentile within NC. Charities of a similar size with the same main cause include Queens Daughters Inc ($90k), Opera Idaho Foundation Inc ($91k) and Alliance for a Brighter Community Foundation ($90k).

At year end it held assets of $115k against liabilities of $0, net assets of $115k.