Twinstate Makerspaces Inc

Analysis

Twinstate Makerspaces Inc is a registered charity in United States, based in Claremont, NH. It received its IRS tax-exemption ruling in September 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 June 2024, Twinstate Makerspaces Inc reported income of $103k and spending of $132k, spending 128% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $183k to $103k (-44%), an average of -11% a year. The sharpest change came in the year to June 2020, when income rose by 79%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Twinstate Makerspaces Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 39th percentile within NH. Charities of a similar size with the same main cause include FB Foundation ($103k), Live Like London Foundation ($103k) and Meals for Good Inc ($103k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 16% and program service revenue 77% of the total. Other salaries and wages came to $50k. At year end it held assets of $961k against liabilities of $99k, net assets of $862k. It reported 2 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.