Trinity Terrace Inc

Analysis

Trinity Terrace Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 Terrace Inc reported income of $1.0m and spending of $1.0m, spending 101% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $755k to $1.0m (+34%), an average of +10% a year. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Trinity Terrace Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MD. Charities of a similar size with the same main cause include Foundation for the Malcolm Baldrige National Quality Award Inc ($1.0m), Habitat for Humanity International Inc ($1.0m) and Habitat for Humanity of Jefferson County Inc ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $107k. At year end it held assets of $4.6m against liabilities of $941k, net assets of $3.7m.

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.