Team Type 1 Inc

Analysis

Team Type 1 Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2023, Team Type 1 Inc reported income of $164k and spending of $85k, leaving 48% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $334k to $164k (-51%), an average of -16% a year. The sharpest change came in the year to December 2021, when income rose by 78%. Over the whole period it spent 73% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Team Type 1 Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 52nd percentile within GA. Charities of a similar size with the same main cause include Bakken BBQ Charities ($164k), McDonald Training Center Foundation Inc ($164k) and United Way of South Central Ky ($164k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. At year end it held assets of $409k against liabilities of $97k, net assets of $312k.