Triad Family Network Inc

Analysis

Triad Family Network Inc is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in August 1992, 34 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Triad Family Network Inc reported income of $736k and spending of $759k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $716k to $736k (+2.7%), an average of +0.7% a year. The sharpest change came in the year to December 2021, when income rose by 20%. Over the whole period it spent 97% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Triad Family Network Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within NC. Charities of a similar size with the same main cause include Onnuri Mission Alliance ($735k), Frontline Missions Inc ($736k) and Central Valley Broadcasting Co Inc ($735k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $32k (4.2% of expenses). Other salaries and wages came to $240k. At year end it held assets of $870k against liabilities of $4,937, net assets of $865k. It reported 10 employees.