Televerde Foundation Inc

Analysis

Televerde Foundation Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in December 2020, 6 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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 December 2023, Televerde Foundation Inc reported income of $2.6m and spending of $2.4m, spending 90% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $264k to $2.6m (+898%), an average of +216% a year. The sharpest change came in the year to December 2022, when income rose by 376%. Over the whole period it spent 83% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Televerde Foundation Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within AZ. Charities of a similar size with the same main cause include Louisiana Parole Project Inc ($2.6m), Midwestern Innocence Project Inc ($2.6m) and Minnesota Indian Womens Sexual Assault Coalition ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $336k (14% of expenses). Other salaries and wages came to $903k. At year end it held assets of $1.2m against liabilities of $439k, net assets of $726k.