Teleios Collaborative Network

Analysis

Teleios Collaborative Network is a registered charity in United States, based in Flat Rock, NC. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Teleios Collaborative Network reported income of $5.3m and spending of $4.8m, spending 91% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.6m to $5.3m (+47%), an average of +10% a year. The sharpest change came in the year to September 2020, when income rose by 46%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Teleios Collaborative Network sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NC. Charities of a similar size with the same main cause include The Bison Childrens Scholarship Fund Inc ($5.3m), Rosemoor Foundation Inc ($5.3m) and Fellowship Educational Foundation Inc ($5.3m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 91% of the total. Compensation of current officers, directors and key employees was $414k (8.6% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $2.2m against liabilities of $1.0m, net assets of $1.1m. It reported 47 employees.