Twin Towers

Analysis

Twin Towers is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in June 1934, 92 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Twin Towers reported income of $34.7m and spending of $32.5m, spending 94% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $28.9m to $34.7m (+20%), an average of +3.7% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Twin Towers sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within OH. Charities of a similar size with the same main cause include Young Mens Christian Association ($34.6m), Long Island Cares Inc ($34.7m) and Chimes Metro Inc ($34.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. Other salaries and wages came to $7.8m. At year end it held assets of $69.7m against liabilities of $77.0m, net assets of -$7.3m.