Growth Teams Inc

Analysis

Growth Teams Inc is a registered charity in United States, based in Claymont, DE. It received its IRS tax-exemption ruling in May 2022, 4 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Growth Teams Inc reported income of $51k and spending of $159k, spending 314% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $357k to $51k (-86%), an average of -86% a year. The sharpest change came in the year to December 2023, when income dropped by 86%. Over the whole period it spent 52% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Growth Teams Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within DE. Charities of a similar size with the same main cause include Sarepta International Foundation Inc ($51k), Food for Hunger International Foundation ($51k) and Boosting Hope Inc ($50k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 95% of the total. At year end it held assets of $198k against liabilities of $0, net assets of $198k.