Augustine Literacy Project - Triangle

Analysis

Augustine Literacy Project - Triangle is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Augustine Literacy Project - Triangle reported income of $193k and spending of $193k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $249k to $193k (-22%), an average of -6.1% a year. The sharpest change came in the year to December 2022, when income dropped by 36%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Augustine Literacy Project - Triangle sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within NC. Charities of a similar size with the same main cause include Three Rivers Village School ($193k), Classically Formed Inc ($193k) and Lake Linden - Hubbell Public Schools Foundation Inc ($193k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 15% of the total. Other salaries and wages came to $138k. At year end it held assets of $252k against liabilities of $6,459, net assets of $246k.