Palmer Trinity Private School Inc

Analysis

Palmer Trinity Private School Inc is a registered charity in United States, based in Palmetto Bay, FL. It received its IRS tax-exemption ruling in March 1971, 55 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Palmer Trinity Private School Inc reported income of $38.3m and spending of $34.2m, spending 89% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $28.2m to $38.3m (+36%), an average of +6.3% a year. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Palmer Trinity Private School Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include Adventhealth Palm Coast Parkway Inc ($38.1m), International Bureau of Fiscal Documentation ($38.3m) and Scheck Hillel Community School Inc ($38.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 4.5% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $2.8m (8.2% of expenses). Other salaries and wages came to $10.2m. At year end it held assets of $107.3m against liabilities of $42.8m, net assets of $64.5m. It reported 226 employees.