Telesis Center for Learning Inc

Analysis

Telesis Center for Learning Inc is a registered charity in United States, based in LK Havasu Cty, AZ. It received its IRS tax-exemption ruling in July 1993, 33 years ago. 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 June 2023, Telesis Center for Learning Inc reported income of $4.6m and spending of $4.2m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.5m to $4.6m (-16%), an average of -4.3% a year. The sharpest change came in the year to June 2020, when income dropped by 25%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Telesis Center for Learning Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 89th percentile within AZ. Charities of a similar size with the same main cause include Southwest Minnesota Christian Schools ($4.6m), Diaspora Community Services Inc ($4.6m) and Native Prairies Association of Texas ($4.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 3.8% of the total. Compensation of current officers, directors and key employees was $41k (1.0% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $8.4m against liabilities of $6.5m, net assets of $2.0m. It reported 70 employees.