Team Trace Inc

Analysis

Team Trace Inc is a registered charity in United States, based in Wye Mills, MD. It received its IRS tax-exemption ruling in August 2013, 13 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, Team Trace Inc reported income of $238k and spending of $110k, leaving 54% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $119k to $238k (+100%), an average of +100% a year. The sharpest change came in the year to December 2023, when income rose by 100%. Over the whole period it spent 56% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Team Trace Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within MD. Charities of a similar size with the same main cause include Equestrian Aid Foundation Inc ($238k), Horses & Heroes Inc ($238k) and Cortez Addictions Recovery Service ($238k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% of the total. At year end it held assets of $316k against liabilities of $0, net assets of $316k.