Team Hydro Foundation Inc

Analysis

Team Hydro Foundation Inc is a registered charity in United States, based in Malvern, PA. It received its IRS tax-exemption ruling in September 2017, 9 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 (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 Hydro Foundation Inc reported income of $333k and spending of $317k, spending 95% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $302k to $333k (+10%), an average of +3.3% a year. The sharpest change came in the year to December 2023, when income rose by 71%. Over the whole period it spent 50% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Team Hydro Foundation Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within PA. Charities of a similar size with the same main cause include Team Noah Foundation Inc ($333k), International Follicular Lymphoma Challenge Inc ($333k) and Greater Brewton Foundation ($333k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.2% of the total. At year end it held assets of $696k against liabilities of $0, net assets of $696k.