Twin Cities Innovation Alliance

Analysis

Twin Cities Innovation Alliance is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in June 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 (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 2024, Twin Cities Innovation Alliance reported income of $458k and spending of $656k, spending 143% of what it took in. Across the 3 years on record, from June 2020 to June 2024, income grew from $176k to $458k (+160%), an average of +61% a year. The sharpest change came in the year to June 2021, when income rose by 284%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Twin Cities Innovation Alliance sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within MN. Charities of a similar size with the same main cause include Gedakina Inc ($458k), Main Street-Deland Association Inc ($458k) and Consumer Fund of Texas Inc ($458k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.9% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $188k (29% of expenses). Other salaries and wages came to $78k. At year end it held assets of $758k against liabilities of $487, net assets of $758k. It reported 10 employees.