Triangle South Literacy Works Inc

Analysis

Triangle South Literacy Works Inc is a registered charity in United States, based in Dunn, NC. It received its IRS tax-exemption ruling in November 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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 South Literacy Works Inc reported income of $53k and spending of $42k, spending 80% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $29k to $53k (+84%), an average of +84% a year. The sharpest change came in the year to June 2023, when income rose by 84%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Triangle South Literacy Works Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 19th percentile within NC. Charities of a similar size with the same main cause include Beinstrumental Foundation ($53k), Gator Group PTO ($53k) and The Trident Club of South Carolina ($53k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $13k against liabilities of $2,318, net assets of $11k.