Team Y2k

Analysis

Team Y2k is a registered charity in United States, based in River Forest, IL. It received its IRS tax-exemption ruling in December 2020, 6 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Team Y2k reported income of $403k and spending of $393k, spending 97% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $265k to $403k (+52%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 42%. Over the whole period it spent 89% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Team Y2k sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within IL. Charities of a similar size with the same main cause include Flash Baseball Inc ($403k), El Camino Parents Assisting Wildcat Sports ($403k) and Lakeville North Boys Basketball Association ($403k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $90k (23% of expenses). At year end it held assets of $120k against liabilities of $3,563, net assets of $116k.