Is Team North Carolina Legit?

Team North Carolina exhibits fluctuating financial health over the past decade, with recent years showing a concerning trend of expenses exceeding revenue. For instance, in 2023, the organization reported $21,595 in revenue against $40,708 in expenses, leading to a deficit. This pattern was also observed in 2019, 2018, 2016, and 2014. While there have been periods of surplus, such as in 2022 ($106,624 revenue vs. $97,061 expenses) and 2021 ($93,537 revenue vs. $89,120 expenses), the overall financial stability appears inconsistent. The organization's assets are relatively low compared to its revenue, with current assets at $36,717 against a latest revenue of $246,135, suggesting limited reserves. The spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses from the provided data. However, the consistent reporting of 0% officer compensation across all filings indicates a commitment to minimizing overhead in this area, which is a positive sign for donor confidence. The organization's liabilities have also remained relatively low, peaking at $4,293 in 2023, which suggests responsible debt management. In terms of transparency, the organization has a consistent filing history with 13 IRS 990 filings, demonstrating adherence to reporting requirements. The absence of officer compensation is a strong indicator of volunteer leadership, which can be viewed positively by donors. However, without more granular expense data, a complete picture of spending efficiency and program impact remains somewhat obscured.