Triangle Flying Disc Association
EIN: 562038555 · Morrisville, NC · NTEE: N60Z
Is Triangle Flying Disc Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Triangle Flying Disc Association
Triangle Flying Disc Association (EIN: 562038555) is a nonprofit organization based in Morrisville, NC, classified under NTEE code N60Z. The organization reported total revenue of $677K and total assets of $127K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Triangle Flying Disc Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Triangle Flying Disc Association is a small nonprofit that has been operating for 28 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 16.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $668K |
| Total Expenses | $672K |
| Surplus / Deficit | $-4,329 |
| Total Assets | $223K |
| Total Liabilities | $40K |
| Net Assets | $183K |
| Operating Margin | -0.6% |
| Debt-to-Asset Ratio | 18.0% |
| Months of Reserves | 4.0 months |
Financial Health Grade: B
In 2023, Triangle Flying Disc Association reported a deficit of $4K with expenses exceeding revenue, holds 4.0 months of operating reserves (adequate), has a debt-to-asset ratio of 18.0% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Triangle Flying Disc Association's revenue has grown at a compound annual growth rate (CAGR) of 16.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +30.8% | +46.2% | -32.6% |
| 2022 | +305.1% | +193.3% | +72.3% |
| 2021 | -55.7% | -53.1% | -6.4% |
| 2020 | -20.1% | +1.7% | -17.9% |
| 2019 | +20.0% | +9.8% | +9.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Triangle Flying Disc Association has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Triangle Flying Disc Association with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $4K, with expenses exceeding revenue.
- Debt-to-asset ratio: 18.0%.
Frequently Asked Questions about Triangle Flying Disc Association
Is Triangle Flying Disc Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Triangle Flying Disc Association (EIN: 562038555) insufficient data. 0 red flags identified, 0 strengths noted.
How does Triangle Flying Disc Association spend its money?
Detailed spending breakdown data is not yet available for Triangle Flying Disc Association. Check back for updated IRS 990 analysis.
Are donations to Triangle Flying Disc Association tax-deductible?
Triangle Flying Disc Association is registered as a tax-exempt nonprofit (EIN: 562038555). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Triangle Flying Disc Association showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Triangle Flying Disc Association's revenue has grown by 638.7%, moving from $90K to $668K. Total assets increased by 491.7% over the same period, from $38K to $223K. Total functional expenses rose by 406.9%, from $133K to $672K. In its most recent filing year (2023), Triangle Flying Disc Association reported a deficit of $4K, with expenses exceeding revenue. The organization holds $40K in liabilities against $223K in assets (debt-to-asset ratio: 18.0%), resulting in net assets of $183K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $668K | $672K | $223K | $40K | — | View 990 |
| 2022 | $511K | $460K | $331K | $112K | — | View 990 |
| 2021 | $126K | $157K | $192K | $12K | — | — |
| 2020 | $285K | $335K | $205K | $131 | — | View 990 |
| 2019 | $356K | $329K | $250K | $5K | — | View 990 |
| 2018 | $297K | $300K | $228K | $11K | — | View 990 |
| 2017 | $311K | $282K | $297K | $77K | — | View 990 |
| 2016 | $278K | $245K | $268K | $77K | — | View 990 |
| 2015 | $251K | $210K | $242K | $84K | — | View 990 |
| 2014 | $186K | $158K | $211K | $93K | — | View 990 |
| 2013 | $140K | $93K | $183K | $93K | — | View 990 |
| 2012 | $98K | $73K | $141K | $98K | — | View 990 |
| 2011 | $106K | $125K | $18K | $0 | — | View 990 |
| 2010 | $90K | $133K | $38K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $668K, expenses of $672K, and assets of $223K (revenue +30.8% year-over-year).
- 2022: Revenue of $511K, expenses of $460K, and assets of $331K (revenue +305.1% year-over-year).
- 2021: Revenue of $126K, expenses of $157K, and assets of $192K (revenue -55.7% year-over-year).
- 2020: Revenue of $285K, expenses of $335K, and assets of $205K (revenue -20.1% year-over-year).
- 2019: Revenue of $356K, expenses of $329K, and assets of $250K (revenue +20.0% year-over-year).
- 2018: Revenue of $297K, expenses of $300K, and assets of $228K (revenue -4.6% year-over-year).
- 2017: Revenue of $311K, expenses of $282K, and assets of $297K (revenue +12.1% year-over-year).
- 2016: Revenue of $278K, expenses of $245K, and assets of $268K (revenue +10.7% year-over-year).
- 2015: Revenue of $251K, expenses of $210K, and assets of $242K (revenue +35.1% year-over-year).
- 2014: Revenue of $186K, expenses of $158K, and assets of $211K (revenue +32.4% year-over-year).
- 2013: Revenue of $140K, expenses of $93K, and assets of $183K (revenue +42.9% year-over-year).
- 2012: Revenue of $98K, expenses of $73K, and assets of $141K (revenue -7.4% year-over-year).
- 2011: Revenue of $106K, expenses of $125K, and assets of $18K (revenue +17.2% year-over-year).
- 2010: Revenue of $90K, expenses of $133K, and assets of $38K.
Data Sources and Methodology
This transparency report for Triangle Flying Disc Association is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.