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Trinity Academy

Raleigh, NC · EIN 56-1913131 · 501(c)(3) · School
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Trinity Academy reported $16.5 million in revenue and $11.9 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $70.60 went to program services, $24.02 to management and general costs and $5.38 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 63.5% of the total. The highest compensation it reported for one person was $206,506 (HEAD OF SCHOOL). 1 person received more than $100,000 in reportable compensation. Revenue rose 129% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $12M

For context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $17M

Other revenue was negative: −$26,551. The bar shows the positive sources only.

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,499 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
70.6%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
24.0%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
5.4%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.11$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
34.4%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%1.1%
Program service revenue share
Part VIII 2g ÷ 12
63.5%69.9%
Highest reported compensation
Part VII-A, columns D–F
$206,506$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
1.73%1.28%
People paid over $100,000
Part VII, line 2
18
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
18.413.3
Independent voting board members
Part VI 1a–1b
7 of 11100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$8.4M expenses · 100.0% of program spending · grants $1.3M · revenue $11M

Provided academic and christian education to equip students with the ability to live with wisdom, excellence and purpose for grades tk-12

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
HEAD OF SCHOOL
Officer, 40.00 hrs/week
$196,722$0$9,784$206,506
BOARD MEMBER
Director/trustee, 1.00 hrs/week
$1,750$0$0$1,750

1 people received more than $100,000 in reportable compensation from Trinity Academy (Part VII, line 2). Compensation of current officers, directors and key employees totaled $224K (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$5.0M$10M$15M$20MFY2020FY2021FY2022FY2023FY2024FY2025$17M$12M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$17M$12M70.6%$18M$206,506
FY2024 ⓘ$12M$11M73.5%$14M$191,184
FY2023 ⓘ$9.8M$8.7M72.3%$13M$155,999
FY2022 ⓘ$12M$7.9M72.9%$12M$138,232
FY2021 ⓘ$10M$6.9M76.3%$7.6M$126,881
FY2020 ⓘ$7.2M$6.2M77.8%$4.1M$120,099

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b11 · 7 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26Yes
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 5241
  • Volunteers Part I, line 6365

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
GLOVER ENVIRONMENTAL CONSULTANTS LLC
Repairs/environmental services
$119,060

Individuals listed as contractors are left out. 1 contractors were paid more than $100,000 in all.

Private foundation grants it received

1 private foundation reported grants to Trinity Academy totaling $438 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Trinity Academy's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Trinity Academy, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All education charities · Largest charities in North Carolina

Questions people ask

How much of Trinity Academy's spending goes to programs?

In the fiscal year ending June 30, 2025, Trinity Academy reported that 70.6% of its $11.9 million in expenses went to program services, 24.0% to management and general and 5.4% to fundraising (Form 990, Part IX).

How much does Trinity Academy pay its top executive?

The largest total compensation Trinity Academy reported for one person in the fiscal year ending June 30, 2025 was $206,506, for the role of HEAD OF SCHOOL (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Trinity Academy get its money?

Of $16.5 million in revenue in the fiscal year ending June 30, 2025, 34.4% came from contributions and grants and 63.5% from program service revenue (Form 990, Part VIII).

Is Trinity Academy a registered charity?

The IRS lists EIN 56-1913131 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202610309349300901 · read the filing · XML
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202540489349301809 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202400379349301625 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202330389349300008 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202200409349300520 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202101119349301300 · read the filing

All filings for EIN 56-1913131: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.