Twin Cities Concert Association

Analysis

Twin Cities Concert Association is a registered charity in United States, based in Nevada City, CA. It received its IRS tax-exemption ruling in December 1988, 38 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 June 2023, Twin Cities Concert Association reported income of $1.2m and spending of $808k, leaving 32% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.6m to $1.2m (-54%), an average of -18% a year. The sharpest change came in the year to June 2022, when income rose by 85%. Over the whole period it spent 44% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Twin Cities Concert Association sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Positive Images ($1.2m), Latin Americans for Social and Economic Development Inc ($1.2m) and Rockland Worksite Day Care Center ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $210k (26% of expenses). Other salaries and wages came to $144k. At year end it held assets of $4.5m against liabilities of $590k, net assets of $3.9m. It reported 12 employees.