Teameffort Inc

Analysis

Teameffort Inc is a registered charity in United States, based in Orange Park, FL. It received its IRS tax-exemption ruling in July 2020, 6 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Teameffort Inc reported income of $3.0m and spending of $832k, leaving 73% of income unspent that year. Across the 6 years on record, from December 2017 to December 2022, income grew from $2.2m to $3.0m (+40%), an average of +7.0% a year. The sharpest change came in the year to December 2022, when income rose by 124%. Over the whole period it spent 82% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Teameffort Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include Boys & Girls Club of Moorpark & Simi Valley Inc ($3.0m), Boys & Girls Club of Yellowstone County ($3.0m) and Dreaming Out Loud Foundation ($3.0m).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. Other salaries and wages came to $223k. At year end it held assets of $3.5m against liabilities of $261k, net assets of $3.2m. It reported 12 employees.