Trinity Restoration Inc
EIN: 50502019 · Providence, RI · NTEE: P28
| Metric | Value |
|---|---|
| Total Revenue | $218K |
| Total Expenses | $274K |
| Net Assets | $1.1M |
Is Trinity Restoration Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Trinity Restoration Inc
Trinity Restoration Inc (EIN: 50502019) is a nonprofit organization based in Providence, RI, classified under NTEE code P28. The organization reported total revenue of $218K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Trinity Restoration Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Trinity Restoration Inc is a small nonprofit that has been operating for 27 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 6.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $791K |
| Total Expenses | $274K |
| Surplus / Deficit | +$517K |
| Total Assets | $1.3M |
| Total Liabilities | $169K |
| Net Assets | $1.1M |
| Operating Margin | 65.4% |
| Debt-to-Asset Ratio | 13.1% |
| Months of Reserves | 56.3 months |
Financial Health Grade: A
In 2023, Trinity Restoration Inc reported a surplus of $517K with revenue exceeding expenses, holds 56.3 months of operating reserves (strong position), has a debt-to-asset ratio of 13.1% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Trinity Restoration Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +177.6% | +10.3% | +37.2% |
| 2022 | -14.3% | +13.5% | +31.2% |
| 2021 | -21.4% | -14.1% | +18.7% |
| 2020 | +58.7% | +4.8% | +81.8% |
| 2019 | +0.5% | -1.7% | -2.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Trinity Restoration Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Trinity Restoration Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $517K, with revenue exceeding expenses.
- Debt-to-asset ratio: 13.1%.
Frequently Asked Questions about Trinity Restoration Inc
Is Trinity Restoration Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Trinity Restoration Inc (EIN: 50502019) insufficient data. 0 red flags identified, 0 strengths noted.
How does Trinity Restoration Inc spend its money?
Detailed spending breakdown data is not yet available for Trinity Restoration Inc. Check back for updated IRS 990 analysis.
Are donations to Trinity Restoration Inc tax-deductible?
Trinity Restoration Inc is registered as a tax-exempt nonprofit (EIN: 50502019). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Trinity Restoration Inc located?
Trinity Restoration Inc is headquartered in Providence, Rhode Island and files with the IRS under EIN 50502019. It is classified under NTEE code P28.
How many years of IRS 990 filings does Trinity Restoration Inc have?
Trinity Restoration Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $218K in total revenue.
Filing History
IRS 990 filing history for Trinity Restoration Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Trinity Restoration Inc's revenue has grown by 116.3%, moving from $366K to $791K. Total assets increased by 321.3% over the same period, from $305K to $1.3M. Total functional expenses rose by 8.1%, from $253K to $274K. In its most recent filing year (2023), Trinity Restoration Inc reported a surplus of $517K, with revenue exceeding expenses. The organization holds $169K in liabilities against $1.3M in assets (debt-to-asset ratio: 13.1%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $791K | $274K | $1.3M | $169K | — | — |
| 2022 | $285K | $248K | $937K | $648K | — | View 990 |
| 2021 | $333K | $219K | $714K | $462K | — | View 990 |
| 2020 | $423K | $255K | $602K | $463K | — | — |
| 2019 | $266K | $243K | $331K | $361K | — | View 990 |
| 2018 | $265K | $247K | $338K | $391K | — | View 990 |
| 2017 | $178K | $199K | $206K | $277K | — | View 990 |
| 2016 | $123K | $160K | $222K | $272K | — | View 990 |
| 2015 | $162K | $188K | $242K | $256K | — | View 990 |
| 2014 | $141K | $121K | $240K | $228K | — | View 990 |
| 2013 | $107K | $118K | $226K | $234K | — | View 990 |
| 2012 | $180K | $121K | $242K | $238K | — | View 990 |
| 2011 | $96K | $137K | $270K | $325K | — | View 990 |
| 2010 | $366K | $253K | $305K | $319K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $791K, expenses of $274K, and assets of $1.3M (revenue +177.6% year-over-year).
- 2022: Revenue of $285K, expenses of $248K, and assets of $937K (revenue -14.3% year-over-year).
- 2021: Revenue of $333K, expenses of $219K, and assets of $714K (revenue -21.4% year-over-year).
- 2020: Revenue of $423K, expenses of $255K, and assets of $602K (revenue +58.7% year-over-year).
- 2019: Revenue of $266K, expenses of $243K, and assets of $331K (revenue +0.5% year-over-year).
- 2018: Revenue of $265K, expenses of $247K, and assets of $338K (revenue +48.6% year-over-year).
- 2017: Revenue of $178K, expenses of $199K, and assets of $206K (revenue +44.7% year-over-year).
- 2016: Revenue of $123K, expenses of $160K, and assets of $222K (revenue -24.0% year-over-year).
- 2015: Revenue of $162K, expenses of $188K, and assets of $242K (revenue +14.9% year-over-year).
- 2014: Revenue of $141K, expenses of $121K, and assets of $240K (revenue +32.2% year-over-year).
- 2013: Revenue of $107K, expenses of $118K, and assets of $226K (revenue -40.5% year-over-year).
- 2012: Revenue of $180K, expenses of $121K, and assets of $242K (revenue +86.8% year-over-year).
- 2011: Revenue of $96K, expenses of $137K, and assets of $270K (revenue -73.7% year-over-year).
- 2010: Revenue of $366K, expenses of $253K, and assets of $305K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Trinity Restoration Inc:
Data Sources and Methodology
This transparency report for Trinity Restoration Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.