Team Up

Analysis

Team Up is a registered charity in United States, based in Durango, CO. It received its IRS tax-exemption ruling in June 1971, 55 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Up reported income of $1.6m and spending of $1.4m, spending 90% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.4m to $1.6m (+13%), an average of +4.3% a year. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Team Up 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 84th percentile, and in the 84th percentile within CO. Charities of a similar size with the same main cause include National Christian Charitable Foundation Inc ($1.6m), United Way of Southern Chautauqua County ($1.6m) and Haven of Rest Ministries Endowment Foundation ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $88k (6.1% of expenses). Other salaries and wages came to $424k. At year end it held assets of $1.1m against liabilities of $262k, net assets of $822k. It reported 7 employees.