Times2 Inc

Analysis

Times2 Inc is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in August 1984, 42 years ago. 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 2023, Times2 Inc reported income of $14.4m and spending of $13.6m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.1m to $14.4m (+19%), an average of +4.5% a year. The sharpest change came in the year to June 2022, when income rose by 16%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Times2 Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within RI. Charities of a similar size with the same main cause include Umh Ny Corp ($14.4m), Cedars of Marin ($14.4m) and Maharishi Foundation USA Inc ($14.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.6% and program service revenue 85% of the total. Other salaries and wages came to $6.6m. At year end it held assets of $27.7m against liabilities of $2.4m, net assets of $25.3m. It reported 56 employees.