Trinity Terrace Inc

Analysis

Trinity Terrace Inc is a registered charity in United States, based in Watertown, WI. It received its IRS tax-exemption ruling in May 1990, 36 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Trinity Terrace Inc reported income of $423k and spending of $490k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $356k to $423k (+19%), an average of +4.4% a year. The sharpest change came in the year to December 2021, when income rose by 211%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Trinity Terrace Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within WI. Charities of a similar size with the same main cause include Richard Bennett Trust ($423k), Wild Alabama a Nonprofit Corporation ($423k) and Trinity Irish Dance Company ($422k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 95% of the total. Other salaries and wages came to $28k. At year end it held assets of $1.4m against liabilities of $2.0m, net assets of -$637k.