Trinity Christian Academy

Analysis

Trinity Christian Academy is a registered charity in United States, based in Addison, TX. It received its IRS tax-exemption ruling in November 1971, 55 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 July 2023, Trinity Christian Academy reported income of $38.8m and spending of $50.5m, spending 130% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income grew from $29.1m to $38.8m (+33%), an average of +7.5% a year. The sharpest change came in the year to July 2022, when income rose by 31%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Trinity Christian Academy sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Olivet College ($38.8m), Anne Carlsen Center ($38.9m) and Vista Charter Public Schools ($38.7m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 14% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $384k (0.8% of expenses). Other salaries and wages came to $14.2m. At year end it held assets of $75.7m against liabilities of $25.5m, net assets of $50.2m. It reported 448 employees.