Twin Villages Downtown Alliance

Analysis

Twin Villages Downtown Alliance is a registered charity in United States, based in Damariscotta, ME. It received its IRS tax-exemption ruling in April 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Twin Villages Downtown Alliance reported income of $142k and spending of $411k, spending 289% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $70k to $142k (+102%), an average of +19% a year. The sharpest change came in the year to December 2022, when income rose by 5867%. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Twin Villages Downtown Alliance sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 39th percentile within ME. Charities of a similar size with the same main cause include Blue Mitten Thrift Shop ($142k), Cappalappa Family Resource Center ($142k) and Urban Baby Beginnings ($142k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $50k against liabilities of $207k, net assets of -$157k.