Team First Inc

Analysis

Team First Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in January 2015, 11 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 December 2023, Team First Inc reported income of $2.7m and spending of $2.8m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $2.7m (+40%), an average of +8.7% a year. The sharpest change came in the year to December 2021, when income rose by 99%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Team First Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include XS Tennis and Education Foundation ($2.7m), Salem Community Center Association Inc ($2.7m) and Sports Catalyst Inc ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $507k (18% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $462k against liabilities of $297k, net assets of $165k. It reported 215 employees.