Twin Peaks 28 Inc

Analysis

Twin Peaks 28 Inc is a registered charity in United States, based in Flint, MI. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Twin Peaks 28 Inc reported income of $92k and spending of $90k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $68k to $92k (+36%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Twin Peaks 28 Inc sits at the 21st percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 34th percentile within MI. Charities of a similar size with the same main cause include Kenesaw Community Development Corp ($92k), Mohn Street Accessible Housing Inc ($92k) and The Hacienda Inc ($92k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 65% of the total. At year end it held assets of $3,007 against liabilities of $0, net assets of $3,007.