Triangle Christian Services Inc

Analysis

Triangle Christian Services Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in November 1976, 50 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Triangle Christian Services Inc reported income of $63k and spending of $41k, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $495k to $63k (-87%), an average of -40% a year. The sharpest change came in the year to December 2021, when income dropped by 84%. Over the whole period it spent 93% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Triangle Christian Services Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 27th percentile within CA. Charities of a similar size with the same main cause include Passion for Souls Transforming Lives Outreach ($63k), Ngoc Hiep Meditation Center ($63k) and Word of Hope International Ministries ($63k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 45% of the total. At year end it held assets of $1.3m against liabilities of $31k, net assets of $1.2m.