Triangle Residential Options for Substance Abusers Inc

Analysis

Triangle Residential Options for Substance Abusers Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in April 1994, 32 years ago. 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 2024, Triangle Residential Options for Substance Abusers Inc reported income of $27.7m and spending of $23.5m, spending 85% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $21.5m to $27.7m (+29%), an average of +6.5% a year. The sharpest change came in the year to June 2022, when income rose by 33%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Triangle Residential Options for Substance Abusers Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within NC. Charities of a similar size with the same main cause include Associated Beth Rivka School for Girls Inc ($27.6m), Autism Society of North Carolina Inc ($27.7m) and Ser-Jobs for Progress National Inc ($27.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 61% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $839k (3.6% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $53.8m against liabilities of $9.4m, net assets of $44.4m. It reported 89 employees.