Two Cranes Institute

Analysis

Two Cranes Institute is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in September 2010, 16 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 December 2023, Two Cranes Institute reported income of $325k and spending of $369k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $365k to $325k (-11%), an average of -2.8% a year. The sharpest change came in the year to December 2020, when income dropped by 44%. Over the whole period it spent 114% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Two Cranes Institute sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within WA. Charities of a similar size with the same main cause include Returns Inc ($325k), Bennington Soccer Club ($326k) and Purcellville Teen Centerincorporated ($325k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $46k (12% of expenses). At year end it held assets of $1.9m against liabilities of $1.9m, net assets of $57k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.