Forward Tees Foundation Incorporated

Analysis

Forward Tees Foundation Incorporated is a registered charity in United States, based in Palm BCH SHRS, FL. It received its IRS tax-exemption ruling in December 2022, 4 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Forward Tees Foundation Incorporated reported income of $51k and spending of $25k, leaving 51% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $11k to $51k (+372%), an average of +372% a year. The sharpest change came in the year to December 2023, when income rose by 372%. Over the whole period it spent 41% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Forward Tees Foundation Incorporated 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 20th percentile, and in the 23rd percentile within FL. Charities of a similar size with the same main cause include Stma Lacrosse Association ($51k), Halifax Midget League Inc ($51k) and Razzia Futbol Club of Utah ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 125% of the total. At year end it held assets of $36k against liabilities of $506, net assets of $35k.