Twin County Community Foundation

Analysis

Twin County Community Foundation is a registered charity in United States, based in Galax, VA. It received its IRS tax-exemption ruling in September 1991, 35 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2020, Twin County Community Foundation reported income of $839k and spending of $425k, leaving 49% of income unspent that year. Across the 2 years on record, from September 2019 to September 2020, income grew from $467k to $839k (+80%), an average of +80% a year. The sharpest change came in the year to September 2020, when income rose by 80%. Over the whole period it spent 60% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Twin County Community Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within VA. Charities of a similar size with the same main cause include Neuro Assistance Foundation ($838k), Health Alliance of Northern California ($839k) and Exclusive Services ($838k).

On its Form 990 for the period ending September 2020, revenue came from contributions and grants 0.1% of the total. Other salaries and wages came to $24k. At year end it held assets of $10.9m against liabilities of $1,266, net assets of $10.9m. It reported 1 employees.