Trinity Basin Preparatory Inc

Analysis

Trinity Basin Preparatory Inc is a registered charity in United States, based in Grand Prairie, TX. It received its IRS tax-exemption ruling in September 1999, 27 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 August 2023, Trinity Basin Preparatory Inc reported income of $67.7m and spending of $66.9m, spending 99% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $37.3m to $67.7m (+81%), an average of +16% a year. The sharpest change came in the year to August 2021, when income rose by 27%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Trinity Basin Preparatory 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 99th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Dallas Theological Seminary ($67.2m), Dexter Southfield Inc ($68.0m) and Georgetown College ($66.9m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 21% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $1.3m (2.0% of expenses). Other salaries and wages came to $38.1m. At year end it held assets of $235.3m against liabilities of $198.5m, net assets of $36.8m. It reported 1,073 employees.