Team8 Inc

Analysis

Team8 Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in April 2015, 11 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, Team8 Inc reported income of $98k and spending of $9,231, leaving 91% of income unspent that year. Across the 3 years on record, from December 2020 to December 2023, income grew from $24k to $98k (+301%), an average of +100% a year. The sharpest change came in the year to December 2022, when income dropped by 133%. Over the whole period it spent 66% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Team8 Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 34th percentile within MN. Charities of a similar size with the same main cause include Agape Dental Ministry ($98k), Team of Mercy Inc ($98k) and CSF Medical Non Profit Foundation ($98k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 77% of the total. At year end it held assets of $151k against liabilities of $0, net assets of $151k.