Telra Supporting Organization Inc

Analysis

Telra Supporting Organization Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in November 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Telra Supporting Organization Inc reported income of $1.7m and spending of $1.9m, spending 109% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $1.4m to $1.7m (+21%), an average of +21% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Telra Supporting Organization Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within NC. Charities of a similar size with the same main cause include Communities in Schools of the Nations Capital Inc ($1.7m), Southwestern Graduate School of Banking Foundation ($1.7m) and Middle Georgia State College Real Estate Foundation Inc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.2% and program service revenue 95% of the total. At year end it held assets of $39.3m against liabilities of $37.9m, net assets of $1.4m.