Trinity Ministries Inc

Analysis

Trinity Ministries Inc is a registered charity in United States, based in Visalia, CA. It received its IRS tax-exemption ruling in February 1971, 55 years ago. 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 December 2023, Trinity Ministries Inc reported income of $935k and spending of $944k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $673k to $935k (+39%), an average of +8.6% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Trinity Ministries Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Waynesboro Community & Human Services Inc ($935k), Mark Seven Deaf Foundation Inc ($935k) and McDonough First United Methodist Preschool ($935k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $3,204 (0.3% of expenses). Other salaries and wages came to $267k. At year end it held assets of $109k against liabilities of $28k, net assets of $81k. It reported 10 employees.