Triangle Alano Club Inc

Analysis

Triangle Alano Club Inc is a registered charity in United States, based in Cary, NC. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 December 2023, Triangle Alano Club Inc reported income of $78k and spending of $79k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $79k to $78k (-1.8%), an average of -1.8% a year. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Triangle Alano Club Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 28th percentile within NC. Charities of a similar size with the same main cause include Student Dream ($78k), New Visions for New Castle ($78k) and Happy Hats for Kids ($78k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 75% of the total. At year end it held assets of $182k against liabilities of $0, net assets of $182k.