Team Academy

Analysis

Team Academy is a registered charity in United States, based in Waseca, MN. It received its IRS tax-exemption ruling in February 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Team Academy reported income of $1.8m and spending of $2.3m, spending 127% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $1.8m (+1.7%), an average of +0.4% a year. The sharpest change came in the year to June 2022, when income rose by 30%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Team Academy sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MN. Charities of a similar size with the same main cause include Ohca Educational Foundation ($1.8m), Ohio Construction Academy ($1.8m) and Corvallis Waldorf Association ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 3.3% of the total. Compensation of current officers, directors and key employees was $409k (18% of expenses). Other salaries and wages came to $860k. At year end it held assets of $1.6m against liabilities of $2.3m, net assets of -$739k. It reported 35 employees.