Triangle Inc

Analysis

Triangle Inc is a registered charity in United States, based in Malden, MA. It received its IRS tax-exemption ruling in July 1994, 32 years ago. 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 June 2023, Triangle Inc reported income of $11.3m and spending of $12.5m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $12.7m to $11.3m (-11%), an average of -2.8% a year. The sharpest change came in the year to June 2020, when income dropped by 15%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Triangle Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include Woodson Y M C a Inc ($11.3m), Keshet ($11.3m) and Monte Vista Grove Homes ($11.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.6% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $610k (4.9% of expenses). Other salaries and wages came to $6.6m. At year end it held assets of $11.4m against liabilities of $6.0m, net assets of $5.4m. It reported 194 employees.