Trec Special Events Inc

Analysis

Trec Special Events Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Trec Special Events Inc reported income of $854k and spending of $849k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $854k (-25%), an average of -7.1% a year. The sharpest change came in the year to December 2021, when income rose by 435%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Trec Special Events Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include The Brevard Neighborhood Development Coalition Inc ($854k), West Central Nebraska Dev District ($855k) and Partnership for Economic Development of York County Inc ($853k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $154k (18% of expenses). Other salaries and wages came to $186k. At year end it held assets of $18k against liabilities of $18k, net assets of $0. It reported 4 employees.