Twin Rivers Community Corporation

Analysis

Twin Rivers Community Corporation is a registered charity in United States, based in Concord, NH. It received its IRS tax-exemption ruling in August 1992, 34 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Twin Rivers Community Corporation reported income of $111k and spending of $151k, spending 136% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $135k to $111k (-18%), an average of -4.7% a year. The sharpest change came in the year to June 2024, when income dropped by 24%. Over the whole period it spent 126% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Twin Rivers Community Corporation sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 41st percentile within NH. Charities of a similar size with the same main cause include Restart Housing Services ($111k), Thomaston Meadows Inc ($111k) and Friendship House Apartments Inc ($111k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. At year end it held assets of $1.2m against liabilities of $1.3m, net assets of -$63k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.