Old Town Triangle Association

Analysis

Old Town Triangle Association is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in January 1983, 43 years ago. 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 July 2023, Old Town Triangle Association reported income of $358k and spending of $406k, spending 113% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $443k to $358k (-19%), an average of -5.2% a year. The sharpest change came in the year to July 2021, when income rose by 365%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Old Town Triangle Association sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within IL. Charities of a similar size with the same main cause include Hillel the Foundation for Jewish Campus Life ($358k), Welcome Home Soldier ($358k) and Big Bear Ski Educational Foundation ($358k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 3.3% and program service revenue 20% of the total. Other salaries and wages came to $77k. At year end it held assets of $729k against liabilities of $12k, net assets of $717k. It reported 3 employees.