Trinity Classical Academy

Analysis

Trinity Classical Academy is a registered charity in United States, based in Waterloo, NE. It received its IRS tax-exemption ruling in January 2016, 10 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 Classical Academy reported income of $1.8m and spending of $1.7m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $707k to $1.8m (+150%), an average of +26% a year. The sharpest change came in the year to June 2021, when income rose by 243%. Over the whole period it spent 64% 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 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 85th percentile within NE. Charities of a similar size with the same main cause include Rochelle Zell Jewish High School Endowment Fund ($1.8m), Holly Drive Leadership Academy ($1.8m) and Learning Community Inc ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 79% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $4.0m against liabilities of $970k, net assets of $3.0m.