Trinity Alliance of the Capital Region Inc

Analysis

Trinity Alliance of the Capital Region Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in February 2001, 25 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Trinity Alliance of the Capital Region Inc reported income of $6.8m and spending of $6.4m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.6m to $6.8m (+48%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 26%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Trinity Alliance of the Capital Region Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Cincinnati USA Regional Chamber Foundation ($6.8m), The Shirley Ware Education Center Health Care Workers Union Local ($6.8m) and Brightbridge Inc ($6.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 4.7% of the total. Compensation of current officers, directors and key employees was $302k (4.7% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $4.8m against liabilities of $1.5m, net assets of $3.3m. It reported 133 employees.