Holy Trinity Hermitage Inc

Analysis

Holy Trinity Hermitage Inc is a registered charity in United States, based in Forest Lake, MN. It received its IRS tax-exemption ruling in September 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Holy Trinity Hermitage Inc reported income of $150k and spending of $84k, leaving 44% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $96k to $150k (+56%), an average of +25% a year. The sharpest change came in the year to December 2022, when income rose by 1091%. Over the whole period it spent 14% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Holy Trinity Hermitage Inc sits at the 57th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within MN. Charities of a similar size with the same main cause include Penuel International Church Inc ($150k), Guanyin Meditation Center ($150k) and Iglesia de Restauracion Unidos En Cristo Inc ($150k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% of the total. Compensation of current officers, directors and key employees was $38k (45% of expenses). At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m. It reported 1 employees.