Te Doy Foundation

Analysis

Te Doy Foundation is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in October 2022, 4 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 (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, Te Doy Foundation reported income of $295k and spending of $374k, spending 127% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $428k to $295k (-31%), an average of -31% a year. The sharpest change came in the year to December 2023, when income dropped by 31%. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Te Doy Foundation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 64th percentile within FL. Charities of a similar size with the same main cause include Friends of Marblehead Hockey Inc ($295k), Quality of Life Foundation of Austin Inc ($296k) and Impact 100 Greater Sacramento ($295k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $32k (8.7% of expenses). At year end it held assets of $13k against liabilities of $9,978, net assets of $3,236.