Triumph Inc

Analysis

Triumph Inc is a registered charity in United States, based in Taunton, MA. It received its IRS tax-exemption ruling in July 1967, 59 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Triumph Inc reported income of $8.3m and spending of $7.5m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.2m to $8.3m (+35%), an average of +7.7% a year. The sharpest change came in the year to June 2020, when income rose by 18%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Triumph Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MA. Charities of a similar size with the same main cause include State College of Florida Foundation Inc ($8.3m), Association for Progressive Communications ($8.3m) and Young Scholars of Central Pennsylvania ($8.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $294k (3.9% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $6.7m against liabilities of $1.9m, net assets of $4.8m. It reported 145 employees.