Tri-Angel Unlimited

Analysis

Tri-Angel Unlimited is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in September 1996, 30 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 August 2023, Tri-Angel Unlimited reported income of $5.0m and spending of $6.6m, spending 131% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $4.0m to $5.0m (+26%), an average of +5.9% a year. The sharpest change came in the year to August 2022, when income rose by 158%. Over the whole period it spent 78% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Tri-Angel Unlimited sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include American Agape Foundation Inc ($5.0m), African American Mayors Association Inc ($5.0m) and Operating Engineers Local 478 Apprenticeship Training & Skill Im ($5.0m).

On its Form 990 for the period ending August 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 $138k (2.1% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $29.1m against liabilities of $20.4m, net assets of $8.7m. It reported 120 employees.