Trinity Foundation Inc

Analysis

Trinity Foundation Inc is a registered charity in United States, based in Thompson, CT. It received its IRS tax-exemption ruling in December 2002, 24 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 Foundation Inc reported income of $13.4m and spending of $12.4m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $13.5m to $13.4m (-0.5%), an average of -0.1% a year. The sharpest change came in the year to June 2022, when income rose by 54%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Trinity Foundation Inc sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within CT. Charities of a similar size with the same main cause include Friends of the Ihes Inc ($13.4m), Ronald Reagan Charter School Alliance ($13.4m) and Perry Street Preparatory Public Charter School ($13.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $578k (4.7% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $22.0m against liabilities of $10.9m, net assets of $11.1m. It reported 137 employees.