Twin City Christian Homes Service Company

Analysis

Twin City Christian Homes Service Company is a registered charity in United States, based in Richfield, MN. It received its IRS tax-exemption ruling in November 1989, 37 years ago. 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 September 2023, Twin City Christian Homes Service Company reported income of $640k and spending of $756k, spending 118% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $701k to $640k (-8.6%), an average of -2.2% a year. The sharpest change came in the year to September 2021, when income rose by 28%. Over the whole period it spent 143% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Twin City Christian Homes Service Company sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within MN. Charities of a similar size with the same main cause include Youth for Christ USA Inc ($640k), Hanna Community Council Inc ($640k) and Challenge for Charity Inc ($640k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $371k (49% of expenses). Other salaries and wages came to $103k. At year end it held assets of $835k against liabilities of $6.1m, net assets of -$5.3m. It reported 4 employees.

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.