Is Triangle Aquatic Center Legit?

Strengths

Consistent revenue growth over multiple years, indicating increasing support and operational scale.
Strong asset base, with total assets reaching $25,827,862 in 2023.
Generally positive net income (revenue exceeding expenses) in recent years, demonstrating sound financial operations.
Recovery from a significant expense spike in 2020, showing resilience and adaptive financial management.

Spending Breakdown

How Triangle Aquatic Center allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Triangle Aquatic Center

Is Triangle Aquatic Center a legitimate charity?

Based on AI analysis of IRS 990 filings, Triangle Aquatic Center (EIN: 141839387) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.

Is Triangle Aquatic Center a good charity to donate to?

Triangle Aquatic Center has a Mission Score of 75/100. Revenue: $13.7M. Assets: $25.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Triangle Aquatic Center?

The Employer Identification Number (EIN) for Triangle Aquatic Center is 141839387. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Triangle Aquatic Center spend its money?

Triangle Aquatic Center allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Triangle Aquatic Center's tax-exempt status?

You can verify Triangle Aquatic Center's tax-exempt status using EIN 141839387 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Triangle Aquatic Center demonstrates consistent operational growth and a strong asset base, with assets reaching $25,827,862 in the latest filing. The organization has generally managed its expenses well, with revenues exceeding expenses in most recent periods, indicating sound financial management. For instance, in 2023, revenue was $4,919,219 against expenses of $4,596,822. However, the significant liabilities, which stood at $19,084,691 in 2023, warrant closer examination to understand their nature and repayment schedule, as they represent a substantial portion of total assets. The consistent reporting of 0% officer compensation across all available filings suggests a commitment to directing funds towards the mission, or that executive compensation is structured differently and not reported under 'Officer Comp' on the 990, which would require further investigation for full transparency.

The organization's financial health appears stable, with a positive trend in net assets over the past few years, recovering from a dip in 2020 where expenses significantly outpaced revenue ($7,611,958 vs $4,204,626). The NTEE code N30 (Recreational & Sporting Activities) aligns with their mission, and the consistent growth in revenue and assets suggests increasing community engagement and support. While the overall financial picture is positive, the high level of liabilities relative to assets is a key area for potential concern or further inquiry to ensure long-term financial stability and avoid excessive debt burden.

Verdict: Triangle Aquatic Center appears trustworthy

Red Flags