Two Burning Candles

Analysis

Two Burning Candles is a registered charity in United States, based in Sunset Beach, NC. It received its IRS tax-exemption ruling in December 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Two Burning Candles reported income of $188k and spending of $102k, leaving 46% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $121k to $188k (+55%), an average of +55% a year. The sharpest change came in the year to December 2023, when income rose by 55%. Over the whole period it spent 72% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Two Burning Candles sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within NC. Charities of a similar size with the same main cause include Chamber Foundation Inc ($188k), Centro de Apoyo Comunitario ($188k) and Tomche Shabbos of Middlesex County ($188k).

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 $234k against liabilities of $0, net assets of $234k.