Community Teamwork Inc

Analysis

Community Teamwork Inc is a registered charity in United States, based in Lowell, MA. It received its IRS tax-exemption ruling in January 1966, 60 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Community Teamwork Inc reported income of $162.9m and spending of $161.9m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $105.3m to $162.9m (+55%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 47%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Community Teamwork Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within MA. Charities of a similar size with the same main cause include Young Mens Christian Association of Greater Houston Area ($161.0m), Child Development Associates Incorporated ($163.0m) and Lutheran Social Service of Minnesota ($159.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 5.2% of the total. Compensation of current officers, directors and key employees was $413k (0.3% of expenses). Other salaries and wages came to $28.6m. At year end it held assets of $54.9m against liabilities of $38.3m, net assets of $16.6m. It reported 664 employees.