Trinity Episcopal Schools Corporation

Analysis

Trinity Episcopal Schools Corporation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 1942, 84 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 Episcopal Schools Corporation reported income of $77.1m and spending of $82.0m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $71.8m to $77.1m (+7.5%), an average of +1.8% a year. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Trinity Episcopal Schools Corporation sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Lakeside School ($77.0m), University of Charleston ($77.2m) and Brunswick School Inc ($77.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $3.4m (4.1% of expenses). Other salaries and wages came to $31.6m. It paid $10k in professional fundraising fees. At year end it held assets of $260.4m against liabilities of $68.4m, net assets of $192.1m. It reported 421 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.