NC Triad Fusion Inc

Analysis

NC Triad Fusion Inc is a registered charity in United States, based in Advance, NC. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, NC Triad Fusion Inc reported income of $10.0m and spending of $9.8m, spending 97% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $3.1m to $10.0m (+224%), an average of +26% a year. The sharpest change came in the year to June 2021, when income rose by 85%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, NC Triad Fusion Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NC. Charities of a similar size with the same main cause include Atlanta Track Club Inc ($10.0m), Alaska State Fair Incorporated ($10.1m) and Oaks Park Association ($10.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 11% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $466k (4.8% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $15.2m against liabilities of $5.7m, net assets of $9.4m. It reported 195 employees.