Trinity Academy for the Performing Arts

Analysis

Trinity Academy for the Performing Arts is a registered charity in United States, based in Provindence, RI. It received its IRS tax-exemption ruling in November 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Trinity Academy for the Performing Arts reported income of $5.0m and spending of $5.7m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.5m to $5.0m (+11%), an average of +2.7% a year. The sharpest change came in the year to June 2021, when income rose by 24%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Trinity Academy for the Performing Arts sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 89th percentile within RI. Charities of a similar size with the same main cause include Newmark High School Inc ($5.0m), Trinity Collegiate School ($5.0m) and Center of Excellence for Educator Preparation and Innovation Inc ($5.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $149k (2.6% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $9.6m against liabilities of $6.6m, net assets of $2.9m. It reported 69 employees.