Team Wethrive Inc

Analysis

Team Wethrive Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 2022, Team Wethrive Inc reported income of $833k and spending of $861k, spending 103% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $229k to $833k (+263%), an average of +54% a year. The sharpest change came in the year to December 2021, when income rose by 132%. Over the whole period it spent 74% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Team Wethrive Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Shasta Regional Soccer Associationinc ($833k), Middlesex County Camp Foundation Inc ($833k) and Plywood Trail Foundation ($833k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $225k (26% of expenses). Other salaries and wages came to $33k. At year end it held assets of $661k against liabilities of $6,180, net assets of $655k. It reported 5 employees.