Trinity Worship Center of Burlington Inc

Analysis

Trinity Worship Center of Burlington Inc is a registered charity in United States, based in Burlington, NC. It received its IRS tax-exemption ruling in January 1947, 79 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Trinity Worship Center of Burlington Inc reported income of $1.6m and spending of $1.5m, spending 94% of its income. Across the 2 years on record, from December 2021 to December 2022, income grew from $1.6m to $1.6m (+3.5%), an average of +3.5% a year. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Trinity Worship Center of Burlington Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within NC. Charities of a similar size with the same main cause include Municipal Risk Management Inc ($1.6m), City College Student Services Corporation ($1.6m) and Fighter Country Foundation Inc ($1.6m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $395k (26% of expenses). Other salaries and wages came to $132k. At year end it held assets of $8.5m against liabilities of $2.5m, net assets of $5.9m. It reported 32 employees.