VN Teamwork

Analysis

VN Teamwork is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in March 1997, 29 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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 2023, VN Teamwork reported income of $1.2m and spending of $1.3m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $965k to $1.2m (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2023, when income dropped by 16%. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, VN Teamwork sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 85th percentile within TX. Charities of a similar size with the same main cause include Escuela Del Rio ($1.2m), Lake Area Improvement Corporation ($1.2m) and Iowa Center for Economic Success ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 24% of the total. Other salaries and wages came to $427k. At year end it held assets of $5.0m against liabilities of $707k, net assets of $4.3m. It reported 16 employees.