Trio New College Network Inc

Analysis

Trio New College Network Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in April 2021, 5 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 June 2023, Trio New College Network Inc reported income of $3.6m and spending of $3.0m, spending 84% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $1.7m to $3.6m (+112%), an average of +46% a year. The sharpest change came in the year to June 2023, when income rose by 67%. Over the whole period it spent 66% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Trio New College Network Inc 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 90th percentile, and in the 89th percentile within MA. Charities of a similar size with the same main cause include Colorado Homeschool Enrichment ($3.6m), New York Focus News ($3.6m) and Trinity Classical School of Houston Inc ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 6.1% of the total. Compensation of current officers, directors and key employees was $255k (8.4% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $3.2m against liabilities of $638k, net assets of $2.6m. It reported 30 employees.