Triangle Research Libraries Network

Analysis

Triangle Research Libraries Network is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in September 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Triangle Research Libraries Network reported income of $2.1m and spending of $2.2m, spending 101% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $120k to $2.1m (+1674%), an average of +161% a year. The sharpest change came in the year to June 2021, when income rose by 1815%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Triangle Research Libraries Network sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within NC. Charities of a similar size with the same main cause include Ector County Isd Education Foundation Inc ($2.1m), New Jersey Childrens Foundation ($2.1m) and Cary Memorial Library Foundation Inc ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $183k (8.5% of expenses). At year end it held assets of $580k against liabilities of $0, net assets of $580k.