Team Inc

Analysis

Team Inc is a registered charity in United States, based in Derby, CT. It received its IRS tax-exemption ruling in October 1974, 52 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 April 2024, Team Inc reported income of $23.3m and spending of $22.8m, spending 98% of its income. Across the 5 years on record, from April 2020 to April 2024, income grew from $18.3m to $23.3m (+27%), an average of +6.2% a year. The sharpest change came in the year to April 2022, when income rose by 19%. 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, Team Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CT. Charities of a similar size with the same main cause include Caddo Community Action Agency Inc ($23.2m), Madison-Haywood County Developmental Services Inc ($23.3m) and Somerset County Young Mens Christian Association Inc ($23.2m).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 96% and program service revenue 3.6% of the total. Compensation of current officers, directors and key employees was $375k (1.6% of expenses). Other salaries and wages came to $7.4m. At year end it held assets of $14.1m against liabilities of $1.5m, net assets of $12.6m. It reported 230 employees.