Trinity College

Analysis

Trinity College is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in January 1976, 50 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 College reported income of $57.7m and spending of $50.6m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $44.8m to $57.7m (+29%), an average of +6.5% a year. The sharpest change came in the year to June 2021, when income rose by 24%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Trinity College sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 97th percentile within DC. Charities of a similar size with the same main cause include Medical College of Virginia Foundation ($57.6m), Matheny School and Hospital Inc ($57.7m) and Carson-Newman University ($57.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 35% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $876k (1.7% of expenses). Other salaries and wages came to $18.2m. At year end it held assets of $146.7m against liabilities of $30.7m, net assets of $116.0m. It reported 656 employees.