Trinity United Methodist Housing Corporation

Analysis

Trinity United Methodist Housing Corporation is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in May 2006, 20 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 September 2023, Trinity United Methodist Housing Corporation reported income of $155k and spending of $196k, spending 126% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $105k to $155k (+48%), an average of +10% a year. The sharpest change came in the year to September 2020, when income rose by 20%. Over the whole period it spent 134% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Trinity United Methodist Housing Corporation sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 47th percentile within VA. Charities of a similar size with the same main cause include Cottages at Beaufort Inc ($155k), Church Housing Corporation ($156k) and The Homestead Place Inc ($155k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 46% and program service revenue 54% of the total. Other salaries and wages came to $25k. At year end it held assets of $1.4m against liabilities of $2.2m, net assets of -$765k.

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.