Team Excel Inc

Analysis

Team Excel Inc is a registered charity in United States, based in Norwood, MA. It received its IRS tax-exemption ruling in February 2010, 16 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2024, Team Excel Inc reported income of $963k and spending of $815k, spending 85% of its income. Across the 6 years on record, from April 2019 to April 2024, income grew from $883k to $963k (+9.2%), an average of +1.8% a year. The sharpest change came in the year to April 2022, when income rose by 61%. Over the whole period it spent 82% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Team Excel Inc 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 79th percentile, and in the 78th percentile within MA. Charities of a similar size with the same main cause include Champlin-Dayton Athletic Association ($963k), Knights Basketball Academy Midwest ($963k) and Emerald Coast Fitness Foundation ($963k).

On its Form 990 for the period ending April 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $199k. At year end it held assets of $1.0m against liabilities of $45k, net assets of $973k. It reported 2 employees.