Trinity Christian Academy Foundation

Analysis

Trinity Christian Academy Foundation is a registered charity in United States, based in Addison, TX. It received its IRS tax-exemption ruling in July 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Trinity Christian Academy Foundation reported income of $4.5m and spending of $6.0m, spending 133% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $6.5m to $4.5m (-30%), an average of -8.6% a year. The sharpest change came in the year to July 2022, when income rose by 199%. Over the whole period it spent 108% 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 Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include Memphis Merit Academy ($4.5m), Ready to Succeed ($4.5m) and Babson Global Inc ($4.5m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 80% of the total. Compensation of current officers, directors and key employees was $267k (4.4% of expenses). Other salaries and wages came to $406k. It paid $79k in professional fundraising fees. At year end it held assets of $11.6m against liabilities of $108k, net assets of $11.5m.

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.