Teamwork Associates Inc

Analysis

Teamwork Associates Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in March 2004, 22 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 December 2023, Teamwork Associates Inc reported income of $1.5m and spending of $1.4m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $916k to $1.5m (+61%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 35%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Teamwork Associates Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within WI. Charities of a similar size with the same main cause include Cancer Family Care Inc ($1.5m), Santa Barbara New House ($1.5m) and Western New York Rural Area Health Education Center Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.1% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $95k (7.0% of expenses). Other salaries and wages came to $788k. At year end it held assets of $463k against liabilities of $14k, net assets of $450k. It reported 13 employees.