Tlbu Foundation Inc

Analysis

Tlbu Foundation Inc is a registered charity in United States, based in Cherry Hill, NJ. It received its IRS tax-exemption ruling in April 2001, 25 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 February 2022, Tlbu Foundation Inc reported income of $273k and spending of $159k, leaving 42% of income unspent that year. Across the 3 years on record, from February 2020 to February 2022, income fell from $505k to $273k (-46%), an average of -26% a year. The sharpest change came in the year to February 2021, when income dropped by 30%. Over the whole period it spent 63% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tlbu Foundation Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 66th percentile within NJ. Charities of a similar size with the same main cause include Musical Mentors Collaborative Inc ($273k), Illinois State Dental Society Foundation ($273k) and Proverbs 226 ($273k).

On its Form 990 for the period ending February 2022, revenue came from contributions and grants 45% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $9,600 (6.0% of expenses). Other salaries and wages came to $12k. At year end it held assets of $4.5m against liabilities of $1.1m, net assets of $3.4m. It reported 2 employees.