Healthteamworks

Analysis

Healthteamworks is a registered charity in United States, based in Golden, CO. It received its IRS tax-exemption ruling in February 2000, 26 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 (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, Healthteamworks reported income of $1.1m and spending of $1.2m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.5m to $1.1m (-57%), an average of -19% a year. The sharpest change came in the year to December 2022, when income dropped by 59%. Over the whole period it spent 109% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Healthteamworks sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within CO. Charities of a similar size with the same main cause include Cuming County Economic Development Inc ($1.1m), Western North Carolina Workers Center ($1.1m) and Regional Development Corporation ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $279k (24% of expenses). Other salaries and wages came to $417k. At year end it held assets of $564k against liabilities of $84k, net assets of $480k. It reported 8 employees.