Triangle North Healthcare Foundation Inc

Analysis

Triangle North Healthcare Foundation Inc is a registered charity in United States, based in Henderson, NC. It received its IRS tax-exemption ruling in September 1987, 39 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Triangle North Healthcare Foundation Inc reported income of $1.3m and spending of $1.2m, spending 87% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.5m to $1.3m (-10%), an average of -2.6% a year. The sharpest change came in the year to September 2022, when income rose by 17%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Triangle North Healthcare Foundation Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within NC. Charities of a similar size with the same main cause include Vietnamese Buddhist Congregation of the United States Nhu Lai ($1.3m), Carroll Area Child Care Center Inc ($1.3m) and Hardee County Fair Incorporated ($1.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 55% of the total. Compensation of current officers, directors and key employees was $99k (8.6% of expenses). Other salaries and wages came to $29k. At year end it held assets of $15.1m against liabilities of $1,050, net assets of $15.1m. It reported 2 employees.