Two Foundation

Analysis

Two Foundation is a registered charity in United States, based in Chagrin Falls, OH. It received its IRS tax-exemption ruling in February 2014, 12 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 December 2023, Two Foundation reported income of $2.8m and spending of $2.0m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $2.8m (+157%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 62%. Over the whole period it spent 78% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Two Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within OH. Charities of a similar size with the same main cause include Day Resource Center for the Homeless ($2.8m), Project Arriba Advanced Retraining and Redev Inc ($2.8m) and Grow Capital Jobs Foundation ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $106k (5.2% of expenses). Other salaries and wages came to $831k. At year end it held assets of $2.8m against liabilities of $658k, net assets of $2.2m. It reported 65 employees.