Triangle Vegfest Inc

Analysis

Triangle Vegfest Inc is a registered charity in United States, based in Wake Forest, NC. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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 December 2023, Triangle Vegfest Inc reported income of $210k and spending of $269k, spending 128% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $267k to $210k (-22%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 126% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Triangle Vegfest Inc 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 55th percentile, and in the 53rd percentile within NC. Charities of a similar size with the same main cause include Friends of Sunset Zoo Inc ($209k), Cat People Inc ($210k) and Fetching Hearts Rescue Corp ($209k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.5% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $56k (21% of expenses). At year end it held assets of $33k against liabilities of $234k, net assets of -$201k.