Triangle Family Services Inc

Analysis

Triangle Family Services Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in March 1938, 88 years ago. 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 June 2023, Triangle Family Services Inc reported income of $3.9m and spending of $4.5m, spending 116% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.8m to $3.9m (+1.6%), an average of +0.5% a year. The sharpest change came in the year to June 2021, when income rose by 60%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Triangle Family Services Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NC. Charities of a similar size with the same main cause include Sweet Owen Industries Arc Inc ($3.9m), Charlie Brown Community Day Care Center ($3.9m) and Bainbridge Performing Arts ($3.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $400k (8.9% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $2.9m against liabilities of $211k, net assets of $2.6m. It reported 99 employees.