Triangle Radio Reading Service

Analysis

Triangle Radio Reading Service is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in December 1983, 43 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 2023, Triangle Radio Reading Service reported income of $201k and spending of $190k, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $274k to $201k (-27%), an average of -7.5% a year. The sharpest change came in the year to June 2021, when income dropped by 34%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Triangle Radio Reading Service sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within NC. Charities of a similar size with the same main cause include Joint Apprenticeship & Training Committee ($201k), Eastport Non-Profit Housing Corp ($201k) and Perrysburg Rotary Service Foundation ($201k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% of the total. Compensation of current officers, directors and key employees was $64k (34% of expenses). Other salaries and wages came to $40k. At year end it held assets of $295k against liabilities of $6,507, net assets of $288k. It reported 3 employees.