First Trust Team Corporation

Analysis

First Trust Team Corporation is a registered charity in United States, based in Columbia, MD. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2022, First Trust Team Corporation reported income of $58k and spending of $22k, leaving 63% of income unspent that year. Across the 3 years on record, from December 2020 to December 2022, income fell from $182k to $58k (-68%), an average of -43% a year. The sharpest change came in the year to December 2021, when income dropped by 72%. Over the whole period it spent 17% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, First Trust Team Corporation 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 25th percentile within MD. Charities of a similar size with the same main cause include North Carolina Electrical Institute Inc ($58k), The Center for Humane Living ($58k) and Prairie View Elementary School Parent Teacher Organization ($58k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. At year end it held assets of $706k against liabilities of $559, net assets of $705k.