Trinity Academy Inc

Analysis

Trinity Academy Inc is a registered charity in United States, based in Crossville, TN. It received its IRS tax-exemption ruling in April 2024, 2 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 June 2024, Trinity Academy Inc reported income of $391k and spending of $392k, spending 100% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $65k to $391k (+500%), an average of +500% a year. The sharpest change came in the year to June 2024, when income rose by 500%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Trinity Academy Inc sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within TN. Charities of a similar size with the same main cause include Bryte Christian Academy ($391k), Learning Foundation Inc ($391k) and International Circle of Friends Inc ($391k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 23% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $52k (13% of expenses). Other salaries and wages came to $193k. At year end it held assets of $44k against liabilities of $4,787, net assets of $40k. It reported 12 employees.