Team Inc

Analysis

Team Inc is a registered charity in United States, based in Port Gibson, MS. It received its IRS tax-exemption ruling in June 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 2023, Team Inc reported income of $58k and spending of $53k, spending 91% of its income. Across the 3 years on record, from December 2020 to December 2023, income fell from $66k to $58k (-12%), an average of -6.3% a year. The sharpest change came in the year to December 2021, when income dropped by 20%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Team Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 23rd percentile within MS. Charities of a similar size with the same main cause include Tullahoma Swim Club ($58k), Youth Sports Inc ($58k) and John Carr Memorial Rugby Fund ($58k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 21% of the total. At year end it held assets of $717k against liabilities of $0, net assets of $717k.