Tonys Team Foundation

Analysis

Tonys Team Foundation is a registered charity in United States, based in Carlisle, PA. It received its IRS tax-exemption ruling in August 2020, 6 years ago. 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, Tonys Team Foundation reported income of $68k and spending of $61k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $61k to $68k (+11%), an average of +11% 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, Tonys 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 27th percentile, and in the 25th percentile within PA. Charities of a similar size with the same main cause include Volunteers of America Inc ($68k), Bel Air Independence Day Committee Incorporated ($68k) and Legatus ($68k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 1.1% of the total. At year end it held assets of $16k against liabilities of $0, net assets of $16k.