Trinity College

Analysis

Trinity College is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in January 1981, 45 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Trinity College reported income of $240.4m and spending of $250.4m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $188.4m to $240.4m (+28%), an average of +6.3% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Trinity College sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within CT. Charities of a similar size with the same main cause include Scholarship America Inc ($240.3m), Community Services for Children Inc ($240.6m) and University of Portland ($240.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $2.5m (1.0% of expenses). Other salaries and wages came to $56.9m. At year end it held assets of $1.17bn against liabilities of $218.4m, net assets of $948.4m. It reported 1,838 employees.