5th Squad

Analysis

5th Squad is a registered charity in United States, based in Brandon, MS. It received its IRS tax-exemption ruling in August 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 (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, 5th Squad reported income of $262k and spending of $202k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $83k to $262k (+216%), an average of +216% a year. The sharpest change came in the year to December 2023, when income rose by 216%. Over the whole period it spent 82% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, 5th Squad sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within MS. Charities of a similar size with the same main cause include Dake Foundation for Children ($262k), Neal & Brooke Brown Foundation Inc ($262k) and YWCA Northwestern Illinois Foundation ($262k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% of the total. Other salaries and wages came to $41k. At year end it held assets of $85k against liabilities of $1,248, net assets of $84k. It reported 1 employees.