Talmar Inc

Analysis

Talmar Inc is a registered charity in United States, based in Parkville, MD. It received its IRS tax-exemption ruling in August 1999, 27 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Talmar Inc reported income of $273k and spending of $296k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $137k to $273k (+99%), an average of +19% a year. The sharpest change came in the year to December 2020, when income rose by 66%. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Talmar Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within MD. Charities of a similar size with the same main cause include Society of St Vincent de Paul District Council of Tyler ($273k), Hugo Good Neighbors Food Shelf ($273k) and Magoffin County Senior Citizens Inc ($273k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $85k (29% of expenses). Other salaries and wages came to $121k. At year end it held assets of $83k against liabilities of $5,991, net assets of $77k. It reported 6 employees.