Twice Blessed Inc

Analysis

Twice Blessed Inc is a registered charity in United States, based in W Dover, VT. It received its IRS tax-exemption ruling in March 2000, 26 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Twice Blessed Inc reported income of $377k and spending of $292k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $255k to $377k (+48%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 57%. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Twice Blessed Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 59th percentile within VT. Charities of a similar size with the same main cause include Society of St Vincent de Paul Mahoning District Council Inc ($377k), The Marc Foundation ($377k) and Apufram International ($377k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.9% of the total. Compensation of current officers, directors and key employees was $32k (11% of expenses). Other salaries and wages came to $60k. At year end it held assets of $1.1m against liabilities of $252k, net assets of $843k. It reported 9 employees.