Twin Forks Rising Community Development Corporation

Analysis

Twin Forks Rising Community Development Corporation is a registered charity in United States, based in Hattiesburg, MS. It received its IRS tax-exemption ruling in February 2017, 9 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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 Forks Rising Community Development Corporation reported income of $216k and spending of $318k, spending 147% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $318k to $216k (-32%), an average of -12% a year. The sharpest change came in the year to December 2023, when income rose by 128%. Over the whole period it spent 119% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Twin Forks Rising Community Development Corporation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 57th percentile within MS. Charities of a similar size with the same main cause include Friends of Lakeview NFP ($216k), Junior League of Waco Texas Inc ($216k) and Lorain County Health Inc ($216k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $36k. At year end it held assets of $4,049 against liabilities of $4,049, net assets of $0. It reported 3 employees.