T2 Fitness Foundation

Analysis

T2 Fitness Foundation is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, T2 Fitness Foundation reported income of $258k and spending of $165k, leaving 36% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $81k to $258k (+220%), an average of +220% a year. The sharpest change came in the year to December 2023, when income rose by 220%. Over the whole period it spent 65% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, T2 Fitness Foundation sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within VA. Charities of a similar size with the same main cause include Cartersville Vol Fire Dept ($258k), New Family Life Services ($258k) and Western Maine Multi-Medical Specialists ($258k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.9% of the total. At year end it held assets of $143k against liabilities of $0, net assets of $143k.