Telacu Education Fountation

Analysis

Telacu Education Fountation is a registered charity in United States, based in Commerce, CA. It received its IRS tax-exemption ruling in May 1993, 33 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Telacu Education Fountation reported income of $4.1m and spending of $4.2m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.7m to $4.1m (+11%), an average of +2.6% a year. The sharpest change came in the year to December 2021, when income rose by 18%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Telacu Education Fountation sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include NCR Permanent Supportive Housing Services ($4.1m), Islamic Society of Northwest Suburbs of Chicago ($4.1m) and Great Lakes Womens Business Council ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 107% of the total. Other salaries and wages came to $1.8m. At year end it held assets of $3.8m against liabilities of $574k, net assets of $3.2m. It reported 47 employees.