Foothold Twin Cities

Analysis

Foothold Twin Cities is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in September 2015, 11 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 August 2023, Foothold Twin Cities reported income of $165k and spending of $146k, spending 89% of its income. Across the 3 years on record, from August 2021 to August 2023, income grew from $98k to $165k (+67%), an average of +29% a year. The sharpest change came in the year to August 2023, when income rose by 49%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foothold Twin Cities sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within MN. Charities of a similar size with the same main cause include 1 Can ($165k), High Desert Pregnancy Clinic Inc ($165k) and In Sight Ministries Inc ($165k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $23k against liabilities of $0, net assets of $23k.