Team Up Inc

Analysis

Team Up Inc is a registered charity in United States, based in Danbury, CT. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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, Team Up Inc reported income of $111k and spending of $65k, leaving 42% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $34k to $111k (+225%), an average of +225% a year. The sharpest change came in the year to December 2023, when income rose by 225%. Over the whole period it spent 68% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Team Up Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within CT. Charities of a similar size with the same main cause include Arcadia Lacrosse Inc ($111k), Champions Christian Academy ($111k) and Phoenix Benefit Club of Birmingham Inc ($111k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $55k against liabilities of $3,500, net assets of $52k.