Triangle Area Telugu Association of North Carolina

Analysis

Triangle Area Telugu Association of North Carolina is a registered charity in United States, based in Morrisville, NC. It received its IRS tax-exemption ruling in July 2019, 7 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 December 2023, Triangle Area Telugu Association of North Carolina reported income of $259k and spending of $220k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $226k to $259k (+15%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 15%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Triangle Area Telugu Association of North Carolina sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within NC. Charities of a similar size with the same main cause include Centro Tepeyac Inc ($259k), Cool Ground Inc ($260k) and Viet Rainbow of Orange County ($259k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $70k against liabilities of $0, net assets of $70k.