Trinity Faith Community Development Corporation

Analysis

Trinity Faith Community Development Corporation is a registered charity in United States, based in Jersey City, NJ. It received its IRS tax-exemption ruling in July 2002, 24 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 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 Faith Community Development Corporation reported income of $750k and spending of $689k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $612k to $750k (+23%), an average of +5.2% a year. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Trinity Faith Community Development Corporation 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 79th percentile within NJ. Charities of a similar size with the same main cause include Society of Native Nations ($750k), Town Center Inc ($750k) and The Community Works Inc NFP ($749k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 5.7% of the total. Other salaries and wages came to $403k. At year end it held assets of $362k against liabilities of $76k, net assets of $286k. It reported 7 employees.