Team Impact

Analysis

Team Impact is a registered charity in United States, based in Quincy, MA. It received its IRS tax-exemption ruling in June 2011, 15 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 Impact reported income of $9.6m and spending of $9.8m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.3m to $9.6m (+79%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 93% 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 Impact sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include Southwest Intermediary Finance Team Inc ($9.6m), Iranian American Jewish Federation ($9.6m) and Capital Region Community Foundation ($9.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 109% of the total. Compensation of current officers, directors and key employees was $1.7m (18% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $5.3m against liabilities of $718k, net assets of $4.6m. It reported 67 employees.