Team Prime Time Inc

Analysis

Team Prime Time Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in April 2001, 25 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 July 2023, Team Prime Time Inc reported income of $2.7m and spending of $2.8m, spending 102% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $1.3m to $2.7m (+110%), an average of +20% a year. The sharpest change came in the year to July 2023, when income rose by 84%. Over the whole period it spent 96% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Team Prime Time Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Southeast Asian Development Center ($2.7m), Mammoth Mountain Community Foundation Inc ($2.7m) and Oshkosh Kids Foundation Inc ($2.7m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 25% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $200k (7.2% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $590k against liabilities of $154k, net assets of $437k. It reported 127 employees.