Twin Ports Ministry to Seafarers Inc

Analysis

Twin Ports Ministry to Seafarers Inc is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in February 1973, 53 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 January 2024, Twin Ports Ministry to Seafarers Inc reported income of $94k and spending of $93k, spending 98% of its income. Across the 2 years on record, from January 2023 to January 2024, income fell from $114k to $94k (-17%), an average of -17% a year. The sharpest change came in the year to January 2024, when income dropped by 17%. Over the whole period it spent 109% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Twin Ports Ministry to Seafarers Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 33rd percentile within MN. Charities of a similar size with the same main cause include God Is Love Ministries ($94k), Rusty Wright Communications ($94k) and Woodfield Community Center Inc ($94k).

On its Form 990-EZ for the period ending January 2024, revenue came from contributions and grants 55% of the total. At year end it held assets of $105k against liabilities of $26k, net assets of $79k.