Derek Teele Foundation Inc

Analysis

Derek Teele Foundation Inc is a registered charity in United States, based in Palm Harbor, FL. It received its IRS tax-exemption ruling in March 2010, 16 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Derek Teele Foundation Inc reported income of $75k and spending of $63k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $61k to $75k (+23%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 85% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Derek Teele Foundation Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 33rd percentile within FL. Charities of a similar size with the same main cause include Smilin Rylen Foundation ($75k), Minnesota State Auctioneers Foundation ($75k) and Public Education Partners ($75k).

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 $51k against liabilities of $0, net assets of $51k.