Teal Foundation

Analysis

Teal Foundation is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in July 2020, 6 years ago. Its declared purposes cover medical research, 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 September 2023, Teal Foundation reported income of $82k and spending of $75k, spending 92% of its income. Across the 3 years on record, from September 2021 to September 2023, income grew from $45k to $82k (+83%), an average of +35% a year. The sharpest change came in the year to September 2023, when income rose by 62%. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Teal Foundation sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 34th percentile within CA. Charities of a similar size with the same main cause include Mercy Outreach Ministries Inc ($82k), Sutter Solano Medical Center Guild ($82k) and Good Fellowship Volunteer Relief Association Inc ($82k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $56k against liabilities of $13k, net assets of $43k.