Trinity Charities INC FY2023 filing

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EIN 27-4754693 Public charity (501(c)(3)) Schaumburg, IL NTEE P20
Form 990 (PDF)

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Revenue & expenses by yearFY2020–FY2025
Revenue
$649K
FY2023▼ -4%
Expenses
$645K
FY2023▼ -4%

Form 990 for the fiscal year ending December 2023 (IRS tax year 2023).


Improves lives and the world through child and family social reform programs. For fiscal year 2023 it reported $649K in revenue, $645K in expenses, and $23K in net assets.Pt I

Founded
2011
Type
Public charity (501(c)(3)) · Human Services
Location
Schaumburg, IL
Filings
5 on file (2020–2023)
Revenue
$649KFY2023
Expenses
$645K
Net assets
$23K
People
4
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Size
$100K–1M
What they do
Improves lives and the world through child and family social reform programs.
Leadership
Olugbenga Odusote · President
Money in and out
$649K revenue, $645K expenses
Bottom line
99% program efficiency

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

GOOD

Yes — A charitable, religious, educational, scientific, or literary organization. Contributions are generally tax-deductible for donors.

IRS Business Master File records this organization as tax-exempt with deductible contributions. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Yes — filed FY2025

Most recent Form 990 on file is for fiscal year 2025 (1 year ago). See detail →

Is it receiving grants from reputable foundations?

GOOD

4 funders, incl. Fidelity Investments Charitable Gift Fund

4 distinct foundation funder(s) on file, $19K received in the most recent year with grants. See detail →

How is the money spent?

GOOD

99% to programs

99% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

$100K–1M · ↓ -4% vs prior year

Revenue band $100K–1M, -4% versus the prior filing year (down). See detail →

Where the money goes · FY2023
Total revenue
$649K
Pt VIII · Ln 12
Total expenses
$645K
Pt IX · Ln 25
Net assets
$23K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $4K
Where spending went · Part IX cols B–D
Program services $0.99 Management & general $0.00 Fundraising $0.00
Program efficiency
99%
of spending reaches programs
Operating runway
0.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
+0.6%
revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$27K
FY2023▲ +2%
Total liabilities
$4K
FY2023
Revenue less expensesPt I · Ln 19$4K
Total assetsPt X · Ln 16$27K
Program-expense ratioPt IX · col B99%
Voting members of governing bodyPt I · Ln 3pending
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CTrinity Charities INC
EINHdr · item D27-4754693
Principal addressHdr · item CSchaumburg, IL
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2011
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P20)
Ruling yearIRS BMFDec 2011

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $568K of program spending, described in the organization's own filed words · FY2023.
01

Our main program is done through a food bank which distributes food to families in need. Our goal is to reduce hunger and improve nutrition among the low income families in our neigborhood with their children We distributed over 375,000 pounds of food valued at over $460,000 in 2023.

$568Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$568K · 87%
Contributions & grants$82K · 13%
Program service revenue87%$568K
Contributions & grants13%$82K
Total revenueLn 12$649K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.99 Management & general $0.00 Fundraising $0.00
Program services99%$642K
Management & general$2K
Fundraising$2K
Total functional expensesLn 25$645K

Balance Sheet

Part X · end of year
CashLn 1$9K
Total assetsLn 16$27K
Total liabilitiesLn 26$4K
Total net assetsLn 32$23K
Months of cash on handcomputed0.2

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $9K · Operating expenses/yr $645K
0.2 months
Where the money goes
Program services
Program services $642K · Total expenses $645K
99%
Management & General
Management & general $2K · Total expenses $645K
0.3%
Fundraising
Fundraising $2K · Total expenses $645K
0.2%
Cost to raise $1
Fundraising expense (2-yr avg) $750 · Solicited contributions (2-yr avg) $56K
$0.01 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $82K · Total revenue $649K
13%
Government reliance
Government grants — · Total revenue $649K
—
Earned-income share
Program service revenue $568K · Total revenue $649K
87%
Investment reliance
Investment income $0 · Total revenue $649K
0%
Program self-sufficiency
Program service revenue $568K · Total expenses $645K
88%
Growth & trend
Revenue growth (YoY)
This year $649K · Prior year $676K
-4%
Net-asset trend (YoY)
End of year $23K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $649K · Expenses $645K
+0.6%
Liabilities-to-Assets
Total liabilities — · Total assets $27K
—
Net-asset ratio
Net assets $23K · Total assets $27K
85%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $27K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Olugbenga Odusote · Reported title President · Highest reported compensation $0 · Total expenses $645K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $645K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 99%——
Overhead ratio 0.3%——
Fundraising cost ratio 2%——
Revenue growth -4%——
Accounting fee ratio 0.3%——
Fundraising fee ratio 0.2%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2023
See all 4 funders →
Grants paid · 2 grants · $148K · 2023–2024
Unitemized GrantFY2024$66,226
Unitemized GrantFY2023$81,674

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$910K revenue · ⤓ 990 PDF
FY2024$741K revenue · ⤓ 990 PDF
FY2023$649K revenue · viewing · ⤓ 990 PDF
FY2022not on file
FY2021$676K revenue · ⤓ 990 PDF
FY2020$854K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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