Trinity Classical Academy of Summerville

Analysis

Trinity Classical Academy of Summerville is a registered charity in United States, based in Summerville, SC. It received its IRS tax-exemption ruling in February 2011, 15 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 2024, Trinity Classical Academy of Summerville reported income of $712k and spending of $725k, spending 102% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $444k to $712k (+60%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 25%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Trinity Classical Academy of Summerville sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within SC. Charities of a similar size with the same main cause include Noted ($712k), South Carolina First Steps to School Readiness Board of Trustees ($712k) and Miles Community College Foundation ($712k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.6% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $79k (11% of expenses). Other salaries and wages came to $482k. At year end it held assets of $193k against liabilities of $4,994, net assets of $188k. It reported 33 employees.