Trinity Woods Inc

Analysis

Trinity Woods Inc is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in November 1992, 34 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 September 2024, Trinity Woods Inc reported income of $518k and spending of $618k, spending 119% of what it took in. Across the 6 years on record, from September 2019 to September 2024, income grew from $459k to $518k (+13%), an average of +2.4% a year. Over the whole period it spent 122% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Trinity Woods Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within VA. Charities of a similar size with the same main cause include Tennessee Housing Development Corporation ($518k), Sarges Veterans Support ($518k) and Lydias House Inc ($517k).

On its Form 990 for the period ending September 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $1.2m against liabilities of $3.7m, net assets of -$2.5m. It reported 6 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.