Teamwork Unlimited Foundation

Analysis

Teamwork Unlimited Foundation is a registered charity in United States, based in Edison, NJ. It received its IRS tax-exemption ruling in January 2018, 8 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Teamwork Unlimited Foundation reported income of $70k and spending of $46k, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $39k to $70k (+79%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 1117%. Over the whole period it spent 65% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Teamwork Unlimited Foundation sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 35th percentile within NJ. Charities of a similar size with the same main cause include Neqca Accountable Care Inc ($70k), Indiana Community Health Medical Center Inc ($70k) and Raleigh Testicular Cancer Foundation ($70k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $116k against liabilities of $0, net assets of $116k.