Tel Foundation

Analysis

Tel Foundation is a registered charity in United States, based in Stillwater, OK. It received its IRS tax-exemption ruling in October 2014, 12 years ago. 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 June 2023, Tel Foundation reported income of $1.6m and spending of $1.5m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $507k to $1.6m (+208%), an average of +32% a year. The sharpest change came in the year to June 2021, when income rose by 220%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tel Foundation sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within OK. Charities of a similar size with the same main cause include Girls in the Game NFP ($1.6m), Marietta Schools Foundation Inc ($1.6m) and Blackhawks of St Paul ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 44% of the total. At year end it held assets of $2.2m against liabilities of $48k, net assets of $2.1m. It reported 29 employees.