Trinity Apartments of Lakeland Inc

Analysis

Trinity Apartments of Lakeland Inc is a registered charity in United States, based in Lakeland, FL. It received its IRS tax-exemption ruling in May 2004, 22 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Apartments of Lakeland Inc reported income of $615k and spending of $654k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $457k to $615k (+35%), an average of +7.7% a year. The sharpest change came in the year to December 2021, when income rose by 17%. Over the whole period it spent 114% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Trinity Apartments of Lakeland Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within FL. Charities of a similar size with the same main cause include Good Samaritan Mission ($615k), Miami-Dade Affordable Housing Foundation Inc ($615k) and Warriors Center for Women Olive Branch ($615k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $189k. At year end it held assets of $4.5m against liabilities of $6.0m, net assets of -$1.5m. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.