Twin Pines Housing Trust

Analysis

Twin Pines Housing Trust is a registered charity in United States, based in White Riv JCT, VT. It received its IRS tax-exemption ruling in August 1987, 39 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 September 2023, Twin Pines Housing Trust reported income of $3.2m and spending of $3.1m, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.6m to $3.2m (+20%), an average of +4.7% a year. The sharpest change came in the year to September 2020, when income rose by 46%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Twin Pines Housing Trust sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within VT. Charities of a similar size with the same main cause include Texoma Area Paratransit System Inc ($3.2m), Phi Beta Kappa Foundation ($3.2m) and The International Assoc of Computer Investigative Specialists Inc ($3.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 26% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $117k (3.8% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $11.6m against liabilities of $4.1m, net assets of $7.5m. It reported 35 employees.