Triangle Artworks Inc

Analysis

Triangle Artworks Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in August 2010, 16 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, Triangle Artworks Inc reported income of $168k and spending of $157k, spending 94% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $106k to $168k (+59%), an average of +59% a year. The sharpest change came in the year to June 2024, when income rose by 59%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Triangle Artworks Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 47th percentile within NC. Charities of a similar size with the same main cause include Columbia Pro Cantare Ltd ($168k), Jefferson Symphony Association ($168k) and Bob Carters Actors Workshop & Repertory Company Inc ($168k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 51% and program service revenue 36% of the total. At year end it held assets of $115k against liabilities of $6,476, net assets of $109k.