Triangle Educational Advancement Foundation

Analysis

Triangle Educational Advancement Foundation is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in April 1994, 32 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 December 2023, Triangle Educational Advancement Foundation reported income of $258k and spending of $231k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $210k to $258k (+23%), an average of +5.3% a year. The sharpest change came in the year to December 2021, when income rose by 90%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Triangle Educational Advancement Foundation sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within NC. Charities of a similar size with the same main cause include Friends of Early Music Inc ($258k), San Juan Historical Society ($258k) and Women Empowering Women for Indian Nations ($258k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $20k (8.6% of expenses). At year end it held assets of $213k against liabilities of $171k, net assets of $42k.