Twin Lakes

Analysis

Twin Lakes is a registered charity in United States, based in Montgomery, OH. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Lakes reported income of $38.2m and spending of $35.0m, spending 91% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $25.8m to $38.2m (+48%), an average of +8.2% a year. The sharpest change came in the year to December 2022, when income rose by 16%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Twin Lakes sits at the 99th percentile: it is one of the largest 1% in its cause. 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 First Chinese Presbyterian Community Affairs Home Attendant C ($38.1m), Covenant Living at Windsor Park ($38.2m) and Harbor Homes Inc ($37.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 87% of the total. Other salaries and wages came to $7.3m. At year end it held assets of $223.1m against liabilities of $209.3m, net assets of $13.8m.