Talented Foundation

Analysis

Talented Foundation is a registered charity in United States, based in Prosper, TX. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Talented Foundation reported income of $309k and spending of $266k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $207k to $309k (+50%), an average of +50% a year. The sharpest change came in the year to December 2023, when income rose by 50%. Over the whole period it spent 83% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Talented Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 67th percentile within TX. Charities of a similar size with the same main cause include Meet the Need Ministries Inc ($309k), G2g Foundation ($310k) and Mission Ukraine ($309k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $92k against liabilities of $9,297, net assets of $83k.