Trinity Homes for Elderly Inc

Analysis

Trinity Homes for Elderly Inc is a registered charity in United States, based in Morristown, TN. It received its IRS tax-exemption ruling in October 2004, 22 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Trinity Homes for Elderly Inc reported income of $282k and spending of $402k, spending 143% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $249k to $282k (+13%), an average of +3.1% a year. The sharpest change came in the year to March 2022, when income rose by 45%. Over the whole period it spent 122% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Trinity Homes for Elderly Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within TN. Charities of a similar size with the same main cause include Wilson County Casa Inc ($281k), Housing Opportunities Housing Development Fund Corporation ($282k) and Comunidad Corporation ($281k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 28% and program service revenue 72% of the total. At year end it held assets of $2.3m against liabilities of $3.4m, net assets of -$1.2m.