Twelve21 Global Inc

Analysis

Twelve21 Global Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Twelve21 Global Inc reported income of $911k and spending of $937k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $563k to $911k (+62%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 103%. Over the whole period it spent 91% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Twelve21 Global Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include Met by Love Ministries Inc ($910k), Sisters of the Immaculate Heart of Mary at Mirinae ($911k) and Savecom ($908k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $96k (10% of expenses). Other salaries and wages came to $70k. It paid $19k in professional fundraising fees. At year end it held assets of $376k against liabilities of $1,548, net assets of $375k. It reported 5 employees.