Triangle Community Center Inc

Analysis

Triangle Community Center Inc is a registered charity in United States, based in Norwalk, CT. It received its IRS tax-exemption ruling in March 1991, 35 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 Community Center Inc reported income of $1.1m and spending of $1.4m, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $912k to $1.1m (+23%), an average of +5.4% a year. The sharpest change came in the year to December 2022, when income rose by 22%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Triangle Community Center Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within CT. Charities of a similar size with the same main cause include Mandan Parks and Recreation Foundation Inc ($1.1m), Lyons Township Soccer Club ($1.1m) and San Marcos Sights & Sounds of Christmas Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 4.2% of the total. Compensation of current officers, directors and key employees was $89k (6.2% of expenses). Other salaries and wages came to $375k. At year end it held assets of $767k against liabilities of $459k, net assets of $308k. It reported 14 employees.