Two Blades Foundation

Analysis

Two Blades Foundation is a registered charity in United States, based in Evanston, IL. It received its IRS tax-exemption ruling in July 2005, 21 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 Blades Foundation reported income of $2.5m and spending of $3.5m, spending 141% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.9m to $2.5m (-58%), an average of -19% a year. The sharpest change came in the year to December 2023, when income dropped by 62%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Two Blades Foundation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within IL. Charities of a similar size with the same main cause include Friends of the New York Transit Museum ($2.5m), Augusta Symphony Inc ($2.5m) and Memphis Equity Through Arts Meta Incorporated ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $10.6m against liabilities of $3.6m, net assets of $7.0m. It reported 8 employees.