Trinity Health Ministries Inc

Analysis

Trinity Health Ministries Inc is a registered charity in United States, based in Maryville, TN. It received its IRS tax-exemption ruling in November 2007, 19 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Trinity Health Ministries Inc reported income of $264k and spending of $324k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $243k to $264k (+8.6%), an average of +2.1% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Trinity Health Ministries 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 59th percentile, and in the 60th percentile within TN. Charities of a similar size with the same main cause include Counseling and Psychotherapy Center of Highlands Inc ($264k), Lakewood Community Acupuncture ($264k) and Hills & Dales Foundation Inc ($264k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $51k (16% of expenses). Other salaries and wages came to $55k. At year end it held assets of $366k against liabilities of $2,928, net assets of $363k. It reported 3 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.