Trinity Cathedral Academy Inc

Analysis

Trinity Cathedral Academy Inc is a registered charity in United States, based in Trenton, NJ. It received its IRS tax-exemption ruling in August 2004, 22 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 August 2023, Trinity Cathedral Academy Inc reported income of $767k and spending of $764k, spending 100% of its income. Across the 4 years on record, from August 2020 to August 2023, income grew from $674k to $767k (+14%), an average of +4.4% a year. The sharpest change came in the year to August 2021, when income dropped by 23%. 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 Cathedral Academy Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within NJ. Charities of a similar size with the same main cause include Leas Christian School ($767k), Tradeoffs ($767k) and Prince Georges County Memorial Library System Foundation Inc ($767k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 5.8% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $41k (5.4% of expenses). Other salaries and wages came to $497k. At year end it held assets of $45k against liabilities of $628, net assets of $45k. It reported 14 employees.