Team Parents Inc

Analysis

Team Parents Inc is a registered charity in United States, based in Cherry Valley, MA. It received its IRS tax-exemption ruling in August 1981, 45 years ago. 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, Team Parents Inc reported income of $117k and spending of $103k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $80k to $117k (+46%), an average of +46% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Team Parents Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 47th percentile within MA. Charities of a similar size with the same main cause include Womens Home Inc ($117k), Silver and Gold Senior Citizens Center Inc ($117k) and Virginia Congress of Parents and Teachers ($117k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 93% of the total. At year end it held assets of $96k against liabilities of $0, net assets of $96k.