Triangular Processing Inc

Analysis

Triangular Processing Inc is a registered charity in United States, based in Wauseon, OH. It received its IRS tax-exemption ruling in March 2000, 26 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Triangular Processing Inc reported income of $3.1m and spending of $3.2m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $3.1m (+55%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Triangular Processing Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within OH. Charities of a similar size with the same main cause include Iron Workers Joint Apprenticeship and Journeyman Training Fund ($3.1m), The Urban Farming Institute of Boston Inc ($3.1m) and Futureworks Inc ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $2.3m against liabilities of $163k, net assets of $2.2m. It reported 122 employees.