Triform Enterprises Limited

Analysis

Triform Enterprises Limited is a registered charity in United States, based in Hudson, NY. It received its IRS tax-exemption ruling in March 1978, 48 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 June 2024, Triform Enterprises Limited reported income of $3.8m and spending of $3.6m, spending 94% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.3m to $3.8m (+14%), an average of +3.3% a year. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Triform Enterprises Limited sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include New York Communities Organizing Fund Inc ($3.8m), Non-Profit Enterprise at Work Inc ($3.8m) and Liberty Corner Enterprises Inc ($3.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 27% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $104k (2.9% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $12.2m against liabilities of $1.0m, net assets of $11.2m. It reported 37 employees.