Triad Properties

Analysis

Triad Properties is a registered charity in United States, based in Ventura, CA. It received its IRS tax-exemption ruling in November 2006, 20 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Triad Properties reported income of $442k and spending of $511k, spending 116% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $492k to $442k (-10%), an average of -2.7% a year. The sharpest change came in the year to September 2021, when income dropped by 30%. Over the whole period it spent 91% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Triad Properties sits at the 55th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include New Alternatives for LGBT Homeless Youth Inc ($442k), Bolton Senior Housing Corporation ($442k) and Tiny House Community Development ($442k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 96% of the total. At year end it held assets of $3.0m against liabilities of $1.9m, net assets of $1.1m.