Trinity School of Durham and Chapel Hill Inc

Analysis

Trinity School of Durham and Chapel Hill Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in March 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 School of Durham and Chapel Hill Inc reported income of $13.3m and spending of $14.3m, spending 107% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $9.0m to $13.3m (+47%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Trinity School of Durham and Chapel Hill Inc sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NC. Charities of a similar size with the same main cause include Medtech Innovator ($13.3m), NC Counts Coalition ($13.3m) and University Academy Charter High School ($13.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.4% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $422k (2.9% of expenses). Other salaries and wages came to $6.5m. At year end it held assets of $26.0m against liabilities of $12.3m, net assets of $13.7m. It reported 211 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.