Team Thompson Family Foundation

Analysis

Team Thompson Family Foundation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in October 2021, 5 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 Thompson Family Foundation reported income of $224k and spending of $244k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $95k to $224k (+137%), an average of +136% a year. The sharpest change came in the year to December 2023, when income rose by 137%. Over the whole period it spent 106% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Team Thompson Family Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within PA. Charities of a similar size with the same main cause include Sharon Springs Youth Football Association Incorporated ($224k), Digital4good ($224k) and Partnerships for Permanence ($224k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $20k. At year end it held assets of $8,341 against liabilities of $0, net assets of $8,341.