Telra Institute

Analysis

Telra Institute is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in June 2020, 6 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 June 2023, Telra Institute reported income of $5.1m and spending of $6.0m, spending 118% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $3.1m to $5.1m (+63%), an average of +63% a year. The sharpest change came in the year to June 2023, when income rose by 63%. Over the whole period it spent 122% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Telra Institute sits at the 89th percentile: it is larger than about 89% 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 Prince William County Public Schools Education Foundation Inc ($5.1m), Global Online Academy ($5.1m) and Gifft Hill School Inc ($5.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $32k (0.5% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $19.7m against liabilities of $22.4m, net assets of -$2.7m. It reported 79 employees.