Team Pennsylvania Foundation

Analysis

Team Pennsylvania Foundation is a registered charity in United States, based in Harrisburg, PA. It received its IRS tax-exemption ruling in August 1998, 28 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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, Team Pennsylvania Foundation reported income of $4.7m and spending of $4.5m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.3m to $4.7m (+107%), an average of +20% a year. The sharpest change came in the year to June 2020, when income rose by 87%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Team Pennsylvania Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within PA. Charities of a similar size with the same main cause include Black Cultural Zone Community Development Corporation ($4.7m), East Tampa Business Community Development Alliance Inc ($4.8m) and Work Opportunities Inc ($4.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $164k (3.7% of expenses). Other salaries and wages came to $490k. At year end it held assets of $10.3m against liabilities of $1.8m, net assets of $8.4m. It reported 10 employees.