Team4tech Foundation

Analysis

Team4tech Foundation is a registered charity in United States, based in Menlo Park, CA. It received its IRS tax-exemption ruling in February 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Team4tech Foundation reported income of $2.2m and spending of $2.5m, spending 116% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.3m to $2.2m (+69%), an average of +19% a year. The sharpest change came in the year to June 2021, when income rose by 41%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Team4tech Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Up Rva ($2.2m), Summit Academy Community School for Alternative Learners-Canton ($2.2m) and Guidance Academy Inc ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $1.4m against liabilities of $109k, net assets of $1.3m. It reported 13 employees.