Triangle Area Network Inc

Analysis

Triangle Area Network Inc is a registered charity in United States, based in Beaumont, TX. It received its IRS tax-exemption ruling in December 1987, 39 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 December 2023, Triangle Area Network Inc reported income of $5.6m and spending of $5.8m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.9m to $5.6m (+44%), an average of +9.5% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Triangle Area Network Inc 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 93rd percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include The Sarah Roberts French Home ($5.6m), College School Association ($5.6m) and Stockton University Foundation ($5.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $127k (2.2% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $2.9m against liabilities of $1.5m, net assets of $1.4m. It reported 80 employees.