The Team Foundation

Analysis

The Team Foundation is a registered charity in United States, based in Newport News, VA. It received its IRS tax-exemption ruling in December 1995, 31 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, The Team Foundation reported income of $52k and spending of $39k, leaving 25% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $44k to $52k (+17%), an average of +4.0% a year. The sharpest change came in the year to June 2022, when income rose by 74%. Over the whole period it spent 63% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Team Foundation sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 19th percentile within VA. Charities of a similar size with the same main cause include Hanover N H Rotary Charities Inc ($52k), Sanjay Anand Charitable Foundation Inc ($52k) and Asha Foundation Inc ($52k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.0% of the total. At year end it held assets of $698k against liabilities of $0, net assets of $698k.