Intelius’ Unflagging Philanthropy and Profitability
Recession-wary companies may have trimmed down on jobs and expenses, slicing further budget for philanthropy and corporate social responsibility efforts, but firms like Bellevue, Washington-based Intelius have even stepped up its efforts to do good in time of need. For the year 2008, when the firm’s most immediate neighbors like King County has over 56,000 hungry children and hundreds of families in need of basic services, the firm made over $210,000 in monetary donations. In addition, its employees gave hundreds of voluntary services to its partner charities.
Information commerce company Intelius is not new to the corporate philanthropy scene. It was voted as one of the Top 15 Corporate Philanthropists in the Puget Sound region by the Puget Sound Business Journal and cited as an Eastside Outstanding Community Citizen during the Eastside Business Awards. Social responsibility being a core value for the company, Intelius knows and understands that being involved can and does make a difference in lives.
Amid the turmoil created by the recession, Intelius, a company of only six years, has made the upward climb slowly and surely and has even filed recently for an IPO of $144 million. INC. Magazine places the firm at the top 30 spot among Washington companies in terms of profitability, after posting earnings of $88 million. Deloitte & Touche also hailed the company as a “Rising Star” in Technology after making an unprecedented 1566.27% increase from its baseline 2003 earnings in 2008. In addition, the company has made key acquisitions like Spock that are expected to further improve its profits.
Co-founded by a group of visionaries led by former InfoSpace CEO and founder Naveen Jain, Intelius is presently serving 8 million unique customers from all over the nation with its site receiving as many as 1 million visitors in a day. Undoubtedly, Intelius remains, to this point, unflagging in terms of its philanthropy and profitability.