Teamwork Foundation Inc

Analysis

Teamwork Foundation Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in April 1980, 46 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Teamwork Foundation Inc reported income of $912k and spending of $1.0m, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $948k to $912k (-3.7%), an average of -0.9% a year. The sharpest change came in the year to June 2020, when income dropped by 22%. Over the whole period it spent 101% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Teamwork Foundation Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Forerunner Mentoring ($912k), Inspirational Triathlon Racing ($913k) and Dev Mission ($910k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% and program service revenue 46% of the total. Other salaries and wages came to $287k. At year end it held assets of $545k against liabilities of $142k, net assets of $404k. It reported 20 employees.