Triangle Community Foundation

Analysis

Triangle Community Foundation is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in March 1984, 42 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Community Foundation reported income of $30.2m and spending of $31.6m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $23.2m to $30.2m (+31%), an average of +6.9% a year. The sharpest change came in the year to June 2022, when income rose by 92%. Over the whole period it spent 88% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Triangle Community Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within NC. Charities of a similar size with the same main cause include United Charitable ($30.2m), Communitygiving ($30.3m) and United Way of Lee County Inc ($30.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% of the total. Compensation of current officers, directors and key employees was $533k (1.7% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $281.7m against liabilities of $18.3m, net assets of $263.4m. It reported 22 employees.