Team John Foundation Inc

Analysis

Team John Foundation Inc is a registered charity in United States, based in Bloomfield, CT. It received its IRS tax-exemption ruling in November 2020, 6 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, Team John Foundation Inc reported income of $56k and spending of $49k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $224k to $56k (-75%), an average of -75% a year. The sharpest change came in the year to December 2023, when income dropped by 75%. Over the whole period it spent 39% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Team John Foundation Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within CT. Charities of a similar size with the same main cause include Cisd Educational Support Groups Inc ($56k), PTA Florida Congress ($56k) and Old York Road Historical Society ($56k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.8% of the total. At year end it held assets of $179k against liabilities of $0, net assets of $179k.