Triangle Education Organization

Analysis

Triangle Education Organization is a registered charity in United States, based in Holly Springs, NC. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Triangle Education Organization reported income of $13.2m and spending of $12.9m, spending 98% of its income. Across the 6 years on record, from June 2018 to June 2023, income grew from $4.1m to $13.2m (+226%), an average of +27% a year. The sharpest change came in the year to June 2022, when income rose by 35%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Triangle Education Organization sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NC. Charities of a similar size with the same main cause include Sage International School of Boise a Public Charter School Inc ($13.2m), Jewish Community High School of the Bay ($13.2m) and Red Lake Nation College ($13.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $367k (2.8% of expenses). Other salaries and wages came to $5.1m. At year end it held assets of $39.6m against liabilities of $36.6m, net assets of $3.0m. It reported 115 employees.