Trident Literacy Association Inc

Analysis

Trident Literacy Association Inc is a registered charity in United States, based in N Charleston, SC. It received its IRS tax-exemption ruling in March 1985, 41 years ago. 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 June 2023, Trident Literacy Association Inc reported income of $582k and spending of $771k, spending 133% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $738k to $582k (-21%), an average of -5.8% a year. The sharpest change came in the year to June 2023, when income dropped by 33%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Trident Literacy Association Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 77th percentile within SC. Charities of a similar size with the same main cause include Mondays at Racine Inc ($581k), Angels of Long Island Inc ($582k) and Arkansas Justice Collective Aiding Survivors of Trafficking and Child ($581k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 3.0% of the total. Other salaries and wages came to $425k. At year end it held assets of $300k against liabilities of $171k, net assets of $129k. It reported 22 employees.