Community Foundation for the Twin Tiers

Analysis

Community Foundation for the Twin Tiers is a registered charity in United States, based in Sayre, PA. It received its IRS tax-exemption ruling in September 2002, 24 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Community Foundation for the Twin Tiers reported income of $509k and spending of $502k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $509k (-60%), an average of -20% a year. The sharpest change came in the year to December 2021, when income rose by 329%. Over the whole period it spent 38% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Foundation for the Twin Tiers sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within PA. Charities of a similar size with the same main cause include The Martin Family Foundation Inc ($509k), United Way of Southeast Alaska ($509k) and Daas Meisharim ($508k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 9.1% of the total. Other salaries and wages came to $123k. At year end it held assets of $12.2m against liabilities of $2.8m, net assets of $9.4m. It reported 4 employees.