Triangle Housing Development Corporation

Analysis

Triangle Housing Development Corporation is a registered charity in United States, based in Smithfield, NC. It received its IRS tax-exemption ruling in July 1974, 52 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Housing Development Corporation reported income of $120k and spending of $113k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $113k to $120k (+6.3%), an average of +1.5% a year. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Triangle Housing Development Corporation sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 39th percentile within NC. Charities of a similar size with the same main cause include Williams Manor Inc ($120k), Shine Ministries Inc ($120k) and Refuge of Hope of Richmond ($120k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 55% of the total. At year end it held assets of $184k against liabilities of $63k, net assets of $121k. It reported 3 employees.