Trinity Preparatory Academy

Analysis

Trinity Preparatory Academy is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in June 2014, 12 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 Preparatory Academy reported income of $1.8m and spending of $1.7m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $1.8m (+78%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 49%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Trinity Preparatory Academy sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include West After School Center ($1.8m), Main Line Classical Academy ($1.8m) and Heart of America Athletic Conference ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.8% and program service revenue 95% of the total. Other salaries and wages came to $811k. At year end it held assets of $6.5m against liabilities of $5.2m, net assets of $1.2m. It reported 56 employees.