Trinity Restoration Inc

Analysis

Trinity Restoration Inc is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in February 1999, 27 years ago. Its declared purposes cover human services, 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, Trinity Restoration Inc reported income of $791k and spending of $274k, leaving 65% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $266k to $791k (+197%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 178%. Over the whole period it spent 59% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Trinity Restoration Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 73rd percentile within RI. Charities of a similar size with the same main cause include All Brains Belong VT Inc ($791k), Romanian Missionary Society ($791k) and New Horizons Adult Day Services Inc ($791k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 9.6% of the total. Compensation of current officers, directors and key employees was $34k (12% of expenses). Other salaries and wages came to $29k. At year end it held assets of $1.3m against liabilities of $169k, net assets of $1.1m.