Teamfund Inc

Analysis

Teamfund Inc is a registered charity in United States, based in Palm BCH GDNS, FL. It received its IRS tax-exemption ruling in August 2015, 11 years ago. Its declared purposes cover health care, 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, Teamfund Inc reported income of $540k and spending of $805k, spending 149% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.7m to $540k (-86%), an average of -38% a year. The sharpest change came in the year to December 2023, when income rose by 213%. 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, Teamfund Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 74th percentile within FL. Charities of a similar size with the same main cause include Ruths Place Clinic ($540k), Tupper Lake Volunteer Ambulance & Emergency Squad Inc ($540k) and Laramie Reproductive Health ($540k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% of the total. Compensation of current officers, directors and key employees was $377k (47% of expenses). Other salaries and wages came to $133k. At year end it held assets of $9.9m against liabilities of $224k, net assets of $9.7m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.