Teds Foundation Inc

Analysis

Teds Foundation Inc is a registered charity in United States, based in N Palm Beach, FL. It received its IRS tax-exemption ruling in December 2015, 11 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 2022, Teds Foundation Inc reported income of $148k and spending of $154k, spending 104% of its income. Across the 3 years on record, from December 2020 to December 2022, income fell from $580k to $148k (-75%), an average of -50% a year. The sharpest change came in the year to December 2021, when income dropped by 72%. Over the whole period it spent 102% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Teds Foundation Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 51st percentile within FL. Charities of a similar size with the same main cause include Tafl Youth Sports ($148k), Lanai Academy of Performing Arts Inc ($148k) and American Tamil Entrepreneurs Association ($148k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $26k against liabilities of $0, net assets of $26k.

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.