Telecompioneers

Analysis

Telecompioneers is a registered charity in United States, based in Greenwood VLG, CO. It received its IRS tax-exemption ruling in March 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Telecompioneers reported income of $2.2m and spending of $3.7m, spending 169% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.3m to $2.2m (-35%), an average of -10% a year. The sharpest change came in the year to December 2023, when income rose by 52%. Over the whole period it spent 130% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Telecompioneers sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CO. Charities of a similar size with the same main cause include Hargraves Outreach Inc ($2.2m), Score Foundation ($2.2m) and Crockett Foundation Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 104% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $32k (0.9% of expenses). Other salaries and wages came to $187k. It paid $15k in professional fundraising fees. At year end it held assets of $14.2m against liabilities of $1.1m, net assets of $13.1m. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.