Tri County Action Program Inc

Analysis

Tri County Action Program Inc is a registered charity in United States, based in Waite Park, MN. It received its IRS tax-exemption ruling in February 1966, 60 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Tri County Action Program Inc reported income of $10.0m and spending of $10.1m, spending 102% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $7.5m to $10.0m (+32%), an average of +7.2% a year. The sharpest change came in the year to September 2021, when income rose by 24%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tri County Action Program Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MN. Charities of a similar size with the same main cause include Mercy Housing Mountain Plains ($9.9m), Senior Catering Inc ($10.0m) and Ronald McDonald House Charities of Greater Cincinnati ($9.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 87% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $290k (2.9% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $7.7m against liabilities of $2.0m, net assets of $5.7m. It reported 108 employees.