Triangle Elderly Housing Corporation

Analysis

Triangle Elderly Housing Corporation is a registered charity in United States, based in Smithfield, NC. It received its IRS tax-exemption ruling in March 2011, 15 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Triangle Elderly Housing Corporation reported income of $591k and spending of $559k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $606k to $591k (-2.6%), an average of -0.7% a year. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Triangle Elderly Housing Corporation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within NC. Charities of a similar size with the same main cause include Su Casa Community Housing Association ($591k), Hilltop Manor Association Inc ($591k) and Mercy Bond Properties Colorado I ($590k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 51% of the total. At year end it held assets of $1.8m against liabilities of $2.5m, net assets of -$643k. It reported 6 employees.