Two Harbors Community Radio

Analysis

Two Harbors Community Radio is a registered charity in United States, based in Two Harbors, MN. It received its IRS tax-exemption ruling in January 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Harbors Community Radio reported income of $60k and spending of $57k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $66k to $60k (-9.4%), an average of -9.4% a year. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Two Harbors Community Radio sits at the 27th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 20th percentile within MN. Charities of a similar size with the same main cause include Fusion Performing Dance Academy ($60k), Fairbanks Shakespeare Theatre ($60k) and Agnes and Abram Gaar Foundation Inc ($60k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 25% of the total. At year end it held assets of $46k against liabilities of $1,452, net assets of $44k.