Triangle Education Foundation

Analysis

Triangle Education Foundation is a registered charity in United States, based in Plainfield, IN. It received its IRS tax-exemption ruling in March 1971, 55 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Triangle Education Foundation reported income of $1.4m and spending of $2.0m, spending 143% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.8m to $1.4m (-22%), an average of -5.9% a year. The sharpest change came in the year to June 2022, when income rose by 99%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Triangle Education Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within IN. Charities of a similar size with the same main cause include Christ Classical Academy ($1.4m), Commission Leadership Academy ($1.4m) and Anderson Center International Inc ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $130k (6.4% of expenses). Other salaries and wages came to $300k. At year end it held assets of $14.1m against liabilities of $286k, net assets of $13.8m. It reported 8 employees.