Telamon Corporation

Analysis

Telamon Corporation is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in March 1973, 53 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 September 2023, Telamon Corporation reported income of $77.5m and spending of $85.0m, spending 110% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $75.1m to $77.5m (+3.2%), an average of +0.8% a year. The sharpest change came in the year to September 2022, when income rose by 46%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Telamon Corporation sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NC. Charities of a similar size with the same main cause include Community Action Corporation of South Texas ($77.2m), Institute on Aging ($77.6m) and Presbyterian Communities of South Carolina ($76.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $322k (0.4% of expenses). Other salaries and wages came to $29.0m. At year end it held assets of $25.2m against liabilities of $13.1m, net assets of $12.1m. It reported 1,261 employees.