Triumph Services Inc

Analysis

Triumph Services Inc is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in November 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Triumph Services Inc reported income of $582k and spending of $686k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $582k (-45%), an average of -14% a year. The sharpest change came in the year to December 2020, when income dropped by 26%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Triumph Services Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within AL. Charities of a similar size with the same main cause include Korean Center Incorporated ($582k), Heart of the Matter Transformation Retreat Inc ($582k) and Broken Wings Ministry Inc ($582k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $80k (12% of expenses). Other salaries and wages came to $346k. At year end it held assets of $439k against liabilities of $150k, net assets of $289k. It reported 15 employees.