Team 402

Analysis

Team 402 is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in March 2022, 4 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 June 2023, Team 402 reported income of $343k and spending of $270k, leaving 21% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $274k to $343k (+25%), an average of +25% a year. The sharpest change came in the year to June 2023, when income rose by 25%. Over the whole period it spent 79% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Team 402 sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within NE. Charities of a similar size with the same main cause include Miracle League of Delray Beach Inc ($343k), Kingwood Forest Cove Area Youth Bas Eball Inc ($343k) and Kick It Forward ($343k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.0% and program service revenue 97% of the total. Other salaries and wages came to $145k. At year end it held assets of $131k against liabilities of $4,069, net assets of $127k.