Tricircle Corporation

Analysis

Tricircle Corporation is a registered charity in United States, based in Wallingford, CT. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Tricircle Corporation reported income of $177k and spending of $157k, spending 89% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $201k to $177k (-12%), an average of -6.2% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tricircle Corporation sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within CT. Charities of a similar size with the same main cause include Toy Shop of Duncan ($177k), Partners for Early Learning ($177k) and Blissful Seeds Inc ($177k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 2.9% of the total. Compensation of current officers, directors and key employees was $36k (23% of expenses). Other salaries and wages came to $16k. At year end it held assets of $52k against liabilities of $1,014, net assets of $51k. It reported 3 employees.