Trinity Foundation

Analysis

Trinity Foundation is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in December 1981, 45 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Trinity Foundation reported income of $59k and spending of $80k, spending 135% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $71k to $59k (-17%), an average of -4.4% a year. The sharpest change came in the year to December 2020, when income rose by 33%. Over the whole period it spent 138% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Trinity Foundation sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 23rd percentile within VA. Charities of a similar size with the same main cause include University Club of Claremont ($59k), Stockton Police Youth Activities ($59k) and L Lee Stryker Memorial Trust ($59k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.7% of the total. At year end it held assets of $2.4m against liabilities of $0, net assets of $2.4m.

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.