Team Phenomenal Hope Inc

Analysis

Team Phenomenal Hope Inc is a registered charity in United States, based in Maspeth, NY. It received its IRS tax-exemption ruling in September 2012, 14 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Team Phenomenal Hope Inc reported income of $893k and spending of $620k, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $391k to $893k (+128%), an average of +23% a year. The sharpest change came in the year to December 2021, when income rose by 136%. Over the whole period it spent 85% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Team Phenomenal Hope Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Lower Kiski Ambulance Service Inc ($893k), Red Barn Foundation ($894k) and Bedford Va Research Corporation ($893k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. Compensation of current officers, directors and key employees was $123k (20% of expenses). Other salaries and wages came to $158k. At year end it held assets of $812k against liabilities of $8,476, net assets of $804k. It reported 4 employees.