Twin City Art Foundation

Analysis

Twin City Art Foundation is a registered charity in United States, based in Monroe, LA. It received its IRS tax-exemption ruling in August 2018, 8 years ago. Its declared purposes cover arts, culture and humanities, 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 June 2023, Twin City Art Foundation reported income of $86k and spending of $97k, spending 113% of what it took in. Across the 5 years on record, from April 2020 to June 2023, income grew from $53k to $86k (+62%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 380%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Twin City Art Foundation sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 33rd percentile within LA. Charities of a similar size with the same main cause include Golden Belt Community Concert Association ($86k), Fort Union Association ($86k) and Federation of Turkish American Associations Inc ($86k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% and program service revenue 24% of the total. At year end it held assets of $887k against liabilities of $2,851, net assets of $884k.