Piedmont Triad Regional Development Corporation

Analysis

Piedmont Triad Regional Development Corporation is a registered charity in United States, based in Kernersville, NC. It received its IRS tax-exemption ruling in January 1985, 41 years ago. 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 June 2023, Piedmont Triad Regional Development Corporation reported income of $1.2m and spending of $646k, leaving 46% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $725k to $1.2m (+66%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 326%. Over the whole period it spent 34% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Piedmont Triad Regional Development Corporation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within NC. Charities of a similar size with the same main cause include Boy Scouts of America ($1.2m), Lefthand Watershed Oversight Group ($1.2m) and Roycroft Campus Corporation ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% of the total. At year end it held assets of $4.7m against liabilities of $421k, net assets of $4.3m.