Talbot House

Analysis

Talbot House is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in September 1965, 61 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Talbot House reported income of $219k and spending of $212k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $186k to $219k (+18%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Talbot House 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 56th percentile, and in the 55th percentile within KY. Charities of a similar size with the same main cause include Northern Ozaukee Schools Scholarship Foundation Inc ($219k), Poway Girls Softball League Inc ($219k) and Ashford Hollow Foundation for the Visual Performing Arts ($219k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. At year end it held assets of $123k against liabilities of $6,275, net assets of $117k. It reported 3 employees.