Twin Cities Rise

Analysis

Twin Cities Rise is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in December 1994, 32 years ago. Its declared purposes cover employment, which this site groups under community and economic 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 September 2023, Twin Cities Rise reported income of $4.1m and spending of $4.1m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $4.5m to $4.1m (-9.4%), an average of -2.4% a year. The sharpest change came in the year to September 2023, when income rose by 49%. Over the whole period it spent 107% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Twin Cities Rise sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MN. Charities of a similar size with the same main cause include Goodwill Commercial Services Inc ($4.1m), Chi Ishobak Inc ($4.1m) and Youth Action Project ($4.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 73% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $587k (14% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $4.3m against liabilities of $673k, net assets of $3.6m. It reported 44 employees.