New Communion of the Triad Inc

Analysis

New Communion of the Triad Inc is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in June 2021, 5 years ago. Its declared purposes cover food, agriculture and nutrition, 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, New Communion of the Triad Inc reported income of $56k and spending of $73k, spending 130% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $64k to $56k (-13%), an average of -6.7% a year. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Communion of the Triad Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within NC. Charities of a similar size with the same main cause include American Muslim Hunger Relief ($56k), Immigrants Charitable Foundation ($56k) and Abingdon Rotary Foundation Inc ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $85k against liabilities of $52k, net assets of $33k.