Twin Rivers Opportunities Inc

Analysis

Twin Rivers Opportunities Inc is a registered charity in United States, based in New Bern, NC. It received its IRS tax-exemption ruling in January 1969, 57 years ago. 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 September 2023, Twin Rivers Opportunities Inc reported income of $7.3m and spending of $7.1m, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $5.4m to $7.3m (+37%), an average of +8.2% a year. The sharpest change came in the year to September 2023, when income rose by 25%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Twin Rivers Opportunities Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NC. Charities of a similar size with the same main cause include Youth on Course ($7.3m), Triple C Housing Inc ($7.3m) and Make-A-Wish Foundation of the Mid-Atlantic Inc ($7.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $459k. At year end it held assets of $1.4m against liabilities of $353k, net assets of $1.1m. It reported 10 employees.