Triad Adult Day Care Center Inc

Analysis

Triad Adult Day Care Center Inc is a registered charity in United States, based in High Point, NC. It received its IRS tax-exemption ruling in March 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Triad Adult Day Care Center Inc reported income of $427k and spending of $444k, spending 104% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $463k to $427k (-7.7%), an average of -1.6% a year. The sharpest change came in the year to December 2021, when income dropped by 29%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Triad Adult Day Care Center Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within NC. Charities of a similar size with the same main cause include Drive a Senior Austin Texas ($427k), Pathways to Citizenship ($427k) and Together We Are ($427k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 93% of the total. Compensation of current officers, directors and key employees was $63k (14% of expenses). Other salaries and wages came to $114k. At year end it held assets of -$59k against liabilities of $0, net assets of -$59k. It reported 12 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.