Twin Soup

Analysis

Twin Soup is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in February 2017, 9 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 December 2023, Twin Soup reported income of $56k and spending of $58k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $93k to $56k (-40%), an average of -40% a year. The sharpest change came in the year to December 2023, when income dropped by 40%. Over the whole period it spent 104% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Twin Soup sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within TN. Charities of a similar size with the same main cause include Youth Opportunity Foundation Inc ($56k), Fair Hope Children Ministry ($56k) and Centre Lacrosse ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1 against liabilities of $0, net assets of $1.