Triad Family Services

Analysis

Triad Family Services is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in April 1992, 34 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, Triad Family Services reported income of $3.6m and spending of $3.5m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.3m to $3.6m (+10%), an average of +2.5% a year. The sharpest change came in the year to June 2023, when income rose by 16%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Triad Family Services sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Daystar Foundation and Library Inc ($3.6m), Fuji Towers Inc ($3.6m) and Aletheia Christian Private School Inc ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $141k (4.1% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $2.2m against liabilities of $473k, net assets of $1.7m. It reported 26 employees.