Teensharp

Analysis

Teensharp is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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, Teensharp reported income of $1.2m and spending of $943k, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $672k to $1.2m (+83%), an average of +16% a year. The sharpest change came in the year to June 2020, when income rose by 32%. Over the whole period it spent 94% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Teensharp sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 78th percentile within DE. Charities of a similar size with the same main cause include Montclair Soccer Club ($1.2m), Somers Youth Sports Organization Inc ($1.2m) and Unity Unlimited Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $144k (15% of expenses). Other salaries and wages came to $409k. It paid $21k in professional fundraising fees. At year end it held assets of $827k against liabilities of $17k, net assets of $810k. It reported 29 employees.