Triumph Community Development Corporation

Analysis

Triumph Community Development Corporation is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2022, Triumph Community Development Corporation reported income of $100k and spending of $100k, spending 100% of its income. Across the 3 years on record, from December 2020 to December 2022, income fell from $366k to $100k (-73%), an average of -48% a year. The sharpest change came in the year to December 2021, when income dropped by 100%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Triumph Community Development Corporation sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within MI. Charities of a similar size with the same main cause include Ccdec One Inc ($100k), Marshall County Crossroads Regional Planning Team Inc ($100k) and Gordies Foundation Inc ($100k).

At year end it held assets of $0 against liabilities of $0, net assets of $0.