Trec Community Investors

Analysis

Trec Community Investors is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Trec Community Investors reported income of $3.2m and spending of $3.0m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.5m to $3.2m (-51%), an average of -16% a year. The sharpest change came in the year to December 2020, when income dropped by 59%. Over the whole period it spent 61% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Trec Community Investors sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include Bounty & Soul ($3.2m), Community Link Capital Region ($3.2m) and Community Partnerships Inc ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $386k (13% of expenses). Other salaries and wages came to $659k. At year end it held assets of $9.7m against liabilities of $1.7m, net assets of $8.1m. It reported 6 employees.