Triangle Lightning

Analysis

Triangle Lightning is a registered charity in United States, based in Wendell, NC. It received its IRS tax-exemption ruling in February 2002, 24 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Triangle Lightning reported income of $136k and spending of $122k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $16k to $136k (+768%), an average of +72% a year. The sharpest change came in the year to December 2023, when income rose by 195%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Triangle Lightning sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within NC. Charities of a similar size with the same main cause include West Milford Baseball LL Inc ($136k), Crescent Sailing Association Inc ($136k) and Alameda Youth Basketball Inc ($136k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% of the total. At year end it held assets of $23k against liabilities of $0, net assets of $23k.