Teamchild

Analysis

Teamchild is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in November 1998, 28 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 June 2023, Teamchild reported income of $2.3m and spending of $4.1m, spending 175% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.6m to $2.3m (-11%), an average of -2.9% a year. The sharpest change came in the year to June 2022, when income rose by 71%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Teamchild sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within WA. Charities of a similar size with the same main cause include Technical Development Corporation ($2.3m), CFS Real Property Inc ($2.3m) and Fair Work Center ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $233k (5.7% of expenses). Other salaries and wages came to $2.3m. It paid $810 in professional fundraising fees. At year end it held assets of $2.1m against liabilities of $374k, net assets of $1.7m. It reported 46 employees.