Trinity Woods Inc

Analysis

Trinity Woods Inc is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in September 1963, 63 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Trinity Woods Inc reported income of $24.3m and spending of $26.8m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $21.5m to $24.3m (+13%), an average of +3.2% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Trinity Woods Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within OK. Charities of a similar size with the same main cause include Forest at Duke Inc ($24.3m), Bethanna ($24.4m) and Family Service of Rhode Island Inc ($24.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.1% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $446k (1.7% of expenses). Other salaries and wages came to $10.3m. It paid $6,950 in professional fundraising fees. At year end it held assets of $88.1m against liabilities of $79.8m, net assets of $8.3m. It reported 307 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.