Two Bit Circus Foundation

Analysis

Two Bit Circus Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in August 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Two Bit Circus Foundation reported income of $3.0m and spending of $1.9m, leaving 37% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $2.0m to $3.0m (+46%), an average of +7.9% a year. The sharpest change came in the year to June 2023, when income rose by 44%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Two Bit Circus Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Wpa Ministries ($3.0m), National Association for Family Child Care Foundation ($3.0m) and James Irwin Educational Foundation ($3.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $1.0m (54% of expenses). Other salaries and wages came to $330k. At year end it held assets of $2.7m against liabilities of $229k, net assets of $2.4m. It reported 49 employees.