Trinity House Apartments Inc

Analysis

Trinity House Apartments Inc is a registered charity in United States, based in Timonium, MD. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Trinity House Apartments Inc reported income of $768k and spending of $955k, spending 124% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $766k to $768k (+0.2%), an average of +0.1% a year. Over the whole period it spent 120% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Trinity House Apartments Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within MD. Charities of a similar size with the same main cause include Wyandot County Agricultural Society Inc ($768k), Womens Center and Shelter Civil Law Project ($768k) and Wesley at Milan Inc ($768k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% and program service revenue 41% of the total. Other salaries and wages came to $190k. At year end it held assets of $2.9m against liabilities of $6.4m, net assets of -$3.5m.

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.