Triangle Day School Inc

Analysis

Triangle Day School Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in May 1993, 33 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Triangle Day School Inc reported income of $6.3m and spending of $5.5m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.8m to $6.3m (+65%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 27%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Triangle Day School Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NC. Charities of a similar size with the same main cause include Lunenburg Nottoway Educational Foundation ($6.3m), Womens Prison Association and Home ($6.3m) and The Young Womens Christian Assoc of Yonkers ($6.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.5% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $242k (4.4% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $10.4m against liabilities of $2.6m, net assets of $7.8m. It reported 56 employees.