Talents Foundation Inc

Analysis

Talents Foundation Inc is a registered charity in United States, based in Carencro, LA. It received its IRS tax-exemption ruling in August 2012, 14 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Talents Foundation Inc reported income of $219k and spending of $165k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $155k to $219k (+41%), an average of +9.0% a year. The sharpest change came in the year to December 2023, when income rose by 55%. Over the whole period it spent 84% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Talents Foundation Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within LA. Charities of a similar size with the same main cause include Christ in the Rockies ($219k), St Jpii Educational Media Inc ($219k) and Black Sheep Harley-Davidsons for Christ ($219k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. At year end it held assets of $1.0m against liabilities of $6,070, net assets of $1.0m.