Is Team Up Mentoring Inc Legit?

Quick charity verification for Team Up Mentoring Inc (EIN: 204927509)

Verdict: Team Up Mentoring Inc appears trustworthy

85/100Mission Score
$815KRevenue
$312KAssets
2Red Flags
4Strengths

Red Flags

Strengths

AI Transparency Report

Team Up Mentoring Inc. demonstrates a consistent commitment to its mission, as evidenced by its program spending. Over the past three years (2021-2023), the organization has maintained a strong focus on program delivery, with an average of 75% of its expenses allocated to programs. This indicates efficient use of donor funds directly towards its charitable purpose. The organization's revenue has shown significant growth, from $187,817 in 2016 to $845,747 in 2023, reflecting increasing support for its activities. However, the organization has experienced operating deficits in recent years, with expenses exceeding revenue in 2023 ($910,510 expenses vs. $845,747 revenue) and 2022 ($867,467 expenses vs. $757,393 revenue). This trend, while not uncommon for growing nonprofits, warrants close monitoring to ensure long-term financial stability. Despite these deficits, the organization has maintained positive net assets, though they have fluctuated, decreasing from $255,550 in 2022 to $175,808 in 2023. Transparency is a notable strength, as the organization consistently reports 0% officer compensation across all available filings. This suggests that leadership is either volunteer-based or compensated through other means not classified as officer compensation, which is a positive indicator for donor confidence. The consistent filing of IRS Form 990s over eight periods also demonstrates a commitment to public accountability.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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