Talk Inc

Analysis

Talk Inc is a registered charity in United States, based in Newtown SQ, PA. It received its IRS tax-exemption ruling in May 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Talk Inc reported income of $2.8m and spending of $3.0m, spending 108% of what it took in. Across the 6 years on record, from June 2019 to August 2023, income grew from $1.8m to $2.8m (+56%), an average of +9.4% a year. The sharpest change came in the year to August 2023, when income rose by 1479%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Talk Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within PA. Charities of a similar size with the same main cause include Mill Community Ministries ($2.8m), Euvalcree ($2.8m) and Agua Fria Food and Clothing Bank Inc ($2.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 19% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $103k (3.4% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $4.3m against liabilities of $3.1m, net assets of $1.2m. It reported 56 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.