Triangle Community Outreach Inc

Analysis

Triangle Community Outreach Inc is a registered charity in United States, based in Port Arthur, TX. It received its IRS tax-exemption ruling in December 2021, 5 years ago. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Triangle Community Outreach Inc reported income of $663k and spending of $934k, spending 141% of what it took in. Across the 2 years on record, from December 2021 to December 2022, income fell from $856k to $663k (-23%), an average of -22% a year. The sharpest change came in the year to December 2022, when income dropped by 23%. Over the whole period it spent 124% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Triangle Community Outreach Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within TX. Charities of a similar size with the same main cause include Big Brothers Big Sisters of Southwestern Indiana Inc ($663k), Alzheimers & Dementia Resource Center Inc ($663k) and Livingston County Development Center for Handicapped Children ($663k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $59k (6.3% of expenses). Other salaries and wages came to $257k. At year end it held assets of $165k against liabilities of $85k, net assets of $80k. It reported 25 employees.