Triangle Foundation Inc

Analysis

Triangle Foundation Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in September 1980, 46 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 May 2023, Triangle Foundation Inc reported income of $102k and spending of $194k, spending 191% of what it took in. Across the 4 years on record, from May 2020 to May 2023, income fell from $384k to $102k (-74%), an average of -36% a year. The sharpest change came in the year to May 2021, when income dropped by 73%. Over the whole period it spent 72% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Triangle Foundation Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 37th percentile within KY. Charities of a similar size with the same main cause include Virginia Boat Club ($102k), Pengilly Booster Club ($102k) and Croton Soccer Ltd ($102k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 16% of the total. At year end it held assets of $16.7m against liabilities of $91k, net assets of $16.6m.