Triangle Club Inc

Analysis

Triangle Club Inc is a registered charity in United States, based in West Palm Beach, FL. It received its IRS tax-exemption ruling in February 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, Triangle Club Inc reported income of $287k and spending of $345k, spending 120% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $389k to $287k (-26%), an average of -9.6% a year. The sharpest change came in the year to December 2020, when income dropped by 34%. Over the whole period it spent 109% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Triangle Club Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 64th percentile within FL. Charities of a similar size with the same main cause include Honoring Our Veterans ($287k), Birds of Paradise Foundation ($287k) and Feed My Lambs Inc ($287k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 48% and program service revenue 43% of the total. Other salaries and wages came to $155k. At year end it held assets of $475k against liabilities of $109k, net assets of $365k. It reported 28 employees.