Team 1tyus

Analysis

Team 1tyus is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in September 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 (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 1tyus reported income of $125k and spending of $154k, spending 123% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $96k to $125k (+31%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 119% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Team 1tyus sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 40th percentile within MN. Charities of a similar size with the same main cause include Jeff Armstrong Memorial Foundation ($125k), Stockton Lake Prca Rodeo ($125k) and United States Bowling Congress Inc ($125k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 72% of the total. At year end it held assets of $24k against liabilities of $0, net assets of $24k.