Team Jack Foundation Inc

Analysis

Team Jack Foundation Inc is a registered charity in United States, based in Atkinson, NE. It received its IRS tax-exemption ruling in December 2013, 13 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 (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 Jack Foundation Inc reported income of $1.5m and spending of $2.3m, spending 150% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.5m (+44%), an average of +9.5% a year. The sharpest change came in the year to December 2020, when income rose by 39%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Team Jack Foundation Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within NE. Charities of a similar size with the same main cause include Sidewalk Advocates for Life ($1.5m), Nevada Rural Hospital Partners Inc ($1.5m) and Make a Wish Foundation of East Tennessee Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $86k (3.8% of expenses). Other salaries and wages came to $95k. At year end it held assets of $3.1m against liabilities of $1.6m, net assets of $1.4m. It reported 6 employees.