Triumph Services Inc

Analysis

Triumph Services Inc is a registered charity in United States, based in Galesburg, IL. It received its IRS tax-exemption ruling in November 2000, 26 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 December 2023, Triumph Services Inc reported income of $114k and spending of $119k, spending 105% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $82k to $114k (+39%), an average of +39% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 120% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Triumph Services Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 41st percentile within IL. Charities of a similar size with the same main cause include Bonneville Cycling Club ($114k), Kansas Interscholastic Athletic Administrators Association ($114k) and Megunticook Rowing ($114k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 8.0% of the total. At year end it held assets of $90k against liabilities of $0, net assets of $90k.