Triad Educational Services Inc

Analysis

Triad Educational Services Inc is a registered charity in United States, based in Apex, NC. It received its IRS tax-exemption ruling in June 2014, 12 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, Triad Educational Services Inc reported income of $7.6m and spending of $5.2m, leaving 31% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $7.6m (+321%), an average of +43% a year. The sharpest change came in the year to June 2022, when income rose by 207%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Triad Educational Services Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NC. Charities of a similar size with the same main cause include International Charter School Corporation ($7.6m), Elgin Charter School Initiative ($7.6m) and Northeast College Prep ($7.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 64% of the total. Other salaries and wages came to $111k. At year end it held assets of $103.3m against liabilities of $105.9m, net assets of -$2.6m. It reported 1 employees.