Twin Ports Training Club Inc

Analysis

Twin Ports Training Club Inc is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in February 1977, 49 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 December 2023, Twin Ports Training Club Inc reported income of $63k and spending of $33k, leaving 48% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $55k to $63k (+14%), an average of +14% a year. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Twin Ports Training Club Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 21st percentile within MN. Charities of a similar size with the same main cause include Seattle Childrens Hospital ($63k), Women of Rollins Club ($63k) and North Carolina Academy of Science ($63k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 2.0% and program service revenue 93% of the total. At year end it held assets of $137k against liabilities of $0, net assets of $137k.