TWS Community Outreach Inc

Analysis

TWS Community Outreach Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in March 2020, 6 years ago. Its declared purposes cover employment, 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 2022, TWS Community Outreach Inc reported income of $79k and spending of $48k, leaving 39% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income fell from $146k to $79k (-46%), an average of -46% a year. The sharpest change came in the year to December 2022, when income dropped by 46%. Over the whole period it spent 52% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, TWS Community Outreach Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 32nd percentile within MD. Charities of a similar size with the same main cause include Kentucky Auctioneers Assn Inc ($78k), St Arbor Community Development Inc ($79k) and 1 Worker 1 Vote Inc ($78k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $30k against liabilities of $0, net assets of $30k.