Trinity Academy Inc

Analysis

Trinity Academy Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in January 1996, 30 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 Academy Inc reported income of $9.8m and spending of $8.7m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.6m to $9.8m (+77%), an average of +15% a year. The sharpest change came in the year to June 2021, when income rose by 45%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Trinity Academy Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NC. Charities of a similar size with the same main cause include Snohomish County Workforce Development Council ($9.8m), Springfield Museums Corporation ($9.8m) and Grande Innovation Academy ($9.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $162k (1.9% of expenses). Other salaries and wages came to $4.6m. At year end it held assets of $27.4m against liabilities of $14.5m, net assets of $12.9m. It reported 191 employees.