The Original Project Team Foundation Inc

Analysis

The Original Project Team Foundation Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in February 2021, 5 years ago. 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, The Original Project Team Foundation Inc reported income of $228k and spending of $237k, spending 104% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $1,287 to $228k (+17633%), an average of +462% a year. The sharpest change came in the year to December 2021, when income rose by 18525%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Original Project Team Foundation Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 57th percentile within TN. Charities of a similar size with the same main cause include New Orleans Childrens Chorus ($228k), Bay Harbor Minor Hockey Association Inc ($228k) and Key West Military Affairs Committee Inc ($228k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $27k (11% of expenses). At year end it held assets of -$8,697 against liabilities of $0, net assets of -$8,697.