Teamsters Local 299 Community Service Foundation

Analysis

Teamsters Local 299 Community Service Foundation is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in May 2008, 18 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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, Teamsters Local 299 Community Service Foundation reported income of $154k and spending of $177k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $183k to $154k (-16%), an average of -4.2% a year. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Teamsters Local 299 Community Service Foundation sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 47th percentile within MI. Charities of a similar size with the same main cause include Eastside Chapter Wsmta ($154k), Tri-Valley Band Boosters Association Inc ($154k) and Association of University Cardiologists Inc ($154k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.2% of the total. At year end it held assets of $227k against liabilities of $0, net assets of $227k.