Teammates Foundation

Analysis

Teammates Foundation is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in July 2009, 17 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Teammates Foundation reported income of $864k and spending of $244k, leaving 72% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.6m to $864k (-47%), an average of -14% a year. The sharpest change came in the year to June 2023, when income rose by 543%. Over the whole period it spent 6.8% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Teammates Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within NE. Charities of a similar size with the same main cause include Palm Beach Area Tennis Patrons Inc ($864k), Detroit Youth Golf ($865k) and Higher Ground Neighborhood Development Corporation ($862k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10% of the total. Other salaries and wages came to $145k. At year end it held assets of $14.4m against liabilities of $21k, net assets of $14.3m.