Richard Telinde Trust

Analysis

Richard Telinde Trust is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in March 1991, 35 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Richard Telinde Trust reported income of $453k and spending of $699k, spending 154% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $842k to $453k (-46%), an average of -14% a year. The sharpest change came in the year to December 2021, when income rose by 152%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Richard Telinde Trust sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include West Valley Mavericks Foundation Inc ($453k), Waseca Area Foundation ($453k) and University Hospital Auxiliary ($453k).

Compensation of current officers, directors and key employees was $117k (17% of expenses). At year end it held assets of $12.1m against liabilities of $0, net assets of $12.1m.