Tri Industries NFP

Analysis

Tri Industries NFP is a registered charity in United States, based in Ottawa, IL. It received its IRS tax-exemption ruling in February 1996, 30 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 June 2023, Tri Industries NFP reported income of $2.5m and spending of $2.5m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.9m to $2.5m (-36%), an average of -11% a year. The sharpest change came in the year to June 2020, when income dropped by 15%. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Tri Industries NFP sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within IL. Charities of a similar size with the same main cause include Self Storage Association Foundation ($2.5m), Connector Park Foundation Inc ($2.5m) and Western Arkansas Planning and ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 94% of the total. Compensation of current officers, directors and key employees was $311k (12% of expenses). Other salaries and wages came to $211k. At year end it held assets of $1.1m against liabilities of $1.1m, net assets of $71k. It reported 10 employees.