Mission Triangle Inc

Analysis

Mission Triangle Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in November 2018, 8 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 September 2023, Mission Triangle Inc reported income of $683k and spending of $1.1m, spending 156% of what it took in. Across the 5 years on record, from December 2019 to September 2023, income fell from $717k to $683k (-4.7%), an average of -1.2% a year. The sharpest change came in the year to December 2021, when income rose by 56%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Mission Triangle Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within NC. Charities of a similar size with the same main cause include Chaverim Lemitzva Inc ($683k), Segera Mission Inc ($683k) and Chaplainusa ($683k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 79% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $102k (9.5% of expenses). Other salaries and wages came to $421k. At year end it held assets of $468k against liabilities of $140k, net assets of $328k.