Triangle Arts Association Limited

Analysis

Triangle Arts Association Limited is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 1984, 42 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 August 2023, Triangle Arts Association Limited reported income of $180k and spending of $193k, spending 107% of what it took in. Across the 3 years on record, from August 2021 to August 2023, income fell from $234k to $180k (-23%), an average of -12% a year. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Triangle Arts Association Limited 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 51st percentile, and in the 49th percentile within NY. Charities of a similar size with the same main cause include Flying Saucer Presents Inc ($180k), San Ramon Voices ($180k) and Seattle Folklore Society Inc ($180k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 76% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $75k (39% of expenses). Other salaries and wages came to $41k. At year end it held assets of $236k against liabilities of $3,199, net assets of $233k. It reported 2 employees.