Teazey Foundation Inc

Analysis

Teazey Foundation Inc is a registered charity in United States, based in Buckeystown, MD. It received its IRS tax-exemption ruling in March 2022, 4 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, Teazey Foundation Inc reported income of $66k and spending of $65k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $41k to $66k (+60%), an average of +60% a year. The sharpest change came in the year to December 2023, when income rose by 60%. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Teazey Foundation Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 28th percentile within MD. Charities of a similar size with the same main cause include Sharks Foundation USA Inc ($66k), Delivering Better Lives Charitable Foundation ($66k) and St Paul Evangelical Lutheran Church Foundation ($65k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2,835 against liabilities of $0, net assets of $2,835.