Telos Academy LLC

Analysis

Telos Academy LLC is a registered charity in United States, based in Orem, UT. It received its IRS tax-exemption ruling in November 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Telos Academy LLC reported income of $1.3m and spending of $1.4m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.7m to $1.3m (-22%), an average of -5.9% a year. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Telos Academy LLC sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within UT. Charities of a similar size with the same main cause include Lutheran College Washington Consortium ($1.3m), Libraries Online Incorporated ($1.3m) and Glades Academy Foundation Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $225k against liabilities of $28k, net assets of $197k. It reported 46 employees.