The Triad Health Project

Analysis

The Triad Health Project is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in June 1987, 39 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, The Triad Health Project reported income of $2.0m and spending of $2.0m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.3m to $2.0m (+55%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 23%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Triad Health Project sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within NC. Charities of a similar size with the same main cause include The Noel Pointer Foundation Inc ($2.0m), Aspect Foundation Inc ($2.0m) and Jep Congregations of Long Island ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $123k (6.1% of expenses). Other salaries and wages came to $796k. At year end it held assets of $914k against liabilities of $364k, net assets of $550k. It reported 32 employees.