Team Takeover Inc

Analysis

Team Takeover Inc is a registered charity in United States, based in Uppr Marlboro, MD. It received its IRS tax-exemption ruling in February 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 December 2022, Team Takeover Inc reported income of $350k and spending of $284k, spending 81% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $385k to $350k (-9.0%), an average of -3.1% a year. The sharpest change came in the year to December 2021, when income rose by 56%. Over the whole period it spent 86% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Team Takeover Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within MD. Charities of a similar size with the same main cause include Saint Francis Wolf Sanctuary Inc ($350k), Mbsa ($350k) and Maine Boys to Men ($350k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 27% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $24k (8.5% of expenses). At year end it held assets of $27k against liabilities of $0, net assets of $27k. It reported 1 employees.