Twin Cities Academy

Analysis

Twin Cities Academy is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in July 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Twin Cities Academy reported income of $9.9m and spending of $9.9m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.1m to $9.9m (+9.1%), an average of +2.2% a year. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Twin Cities Academy sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MN. Charities of a similar size with the same main cause include Eastern Illinois University Foundation ($9.9m), Cincinnati Preschool Program ($9.9m) and North Star Charter School Inc ($9.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $385k (3.9% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $6.3m against liabilities of $7.0m, net assets of -$733k. It reported 125 employees.