Teamsters Local 399 Charity Fund

Analysis

Teamsters Local 399 Charity Fund is a registered charity in United States, based in North Hollywood, CA. It received its IRS tax-exemption ruling in August 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, Teamsters Local 399 Charity Fund reported income of $437k and spending of $279k, leaving 36% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $223k to $437k (+96%), an average of +96% a year. The sharpest change came in the year to December 2023, when income rose by 96%. Over the whole period it spent 72% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Teamsters Local 399 Charity Fund sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include Jordan Porco Foundation ($437k), Banderas Bay Charities Inc ($437k) and Women Giving As One Inc ($437k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% of the total. At year end it held assets of $182k against liabilities of $0, net assets of $182k.