Team 224 Inc

Analysis

Team 224 Inc is a registered charity in United States, based in Fairbury, IL. It received its IRS tax-exemption ruling in January 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 224 Inc reported income of $102k and spending of $104k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $89k to $102k (+14%), an average of +14% a year. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Team 224 Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 38th percentile within IL. Charities of a similar size with the same main cause include His Helping Hands of Clare County ($102k), Clean Love Project Inc ($102k) and Refugee Support Center ($102k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 101% of the total. At year end it held assets of $13k against liabilities of $0, net assets of $13k.