Twic East Community Association-Usa

Analysis

Twic East Community Association-Usa is a registered charity in United States, based in Newton, IA. It received its IRS tax-exemption ruling in April 2020, 6 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, Twic East Community Association-Usa reported income of $71k and spending of $38k, leaving 47% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $90k to $71k (-21%), an average of -21% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 155% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Twic East Community Association-Usa sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 25th percentile within IA. Charities of a similar size with the same main cause include Naval Officers Spouses Club of San ($71k), Michigan City Urban Enterprise Association Inc ($71k) and Funny River Community Association ($71k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 55% of the total. At year end it held assets of $85k against liabilities of $0, net assets of $85k.