Triad Cultural Arts Inc

Analysis

Triad Cultural Arts Inc is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in January 2012, 14 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 (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, Triad Cultural Arts Inc reported income of $433k and spending of $285k, leaving 34% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $285k to $433k (+52%), an average of +23% a year. The sharpest change came in the year to June 2024, when income rose by 99%. Over the whole period it spent 68% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Triad Cultural Arts Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within NC. Charities of a similar size with the same main cause include Art Papers Inc ($433k), Kidscommons Columbus Community Childrens Museum Inc ($433k) and Central Florida Vocal Arts ($433k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 90% and program service revenue 9.8% of the total. Compensation of current officers, directors and key employees was $28k (9.7% of expenses). Other salaries and wages came to $67k. At year end it held assets of $397k against liabilities of $3,299, net assets of $393k. It reported 2 employees.