Two Ten Footwear Foundation Inc

Analysis

Two Ten Footwear Foundation Inc is a registered charity in United States, based in Waltham, MA. It received its IRS tax-exemption ruling in March 1985, 41 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Two Ten Footwear Foundation Inc reported income of $4.7m and spending of $5.7m, spending 123% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.5m to $4.7m (-16%), an average of -4.2% a year. The sharpest change came in the year to June 2022, when income rose by 36%. Over the whole period it spent 135% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Two Ten Footwear Foundation Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MA. Charities of a similar size with the same main cause include Community and Economic Development Associates ($4.7m), Somerville Community Corporation Inc ($4.7m) and Accelerate Montana ($4.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% of the total. Compensation of current officers, directors and key employees was $995k (17% of expenses). Other salaries and wages came to $740k. At year end it held assets of $38.3m against liabilities of $735k, net assets of $37.6m. It reported 18 employees.