Lapeer Team Work Inc

Analysis

Lapeer Team Work Inc is a registered charity in United States, based in Lapeer, MI. It received its IRS tax-exemption ruling in September 1989, 37 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 September 2023, Lapeer Team Work Inc reported income of $2.2m and spending of $2.4m, spending 108% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $3.3m to $2.2m (-34%), an average of -10% a year. The sharpest change came in the year to September 2020, when income dropped by 38%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lapeer Team Work Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within MI. Charities of a similar size with the same main cause include Disability Planning Organization of Kansas Inc ($2.2m), Transformca ($2.2m) and Salt Lake City Bicycle Collective ($2.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 13% and program service revenue 85% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $3.0m against liabilities of $835k, net assets of $2.2m. It reported 152 employees.