Twin Harbors Group Home Association Inc

Analysis

Twin Harbors Group Home Association Inc is a registered charity in United States, based in Aberdeen, WA. It received its IRS tax-exemption ruling in January 1977, 49 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, Twin Harbors Group Home Association Inc reported income of $3.6m and spending of $3.7m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $3.6m (+40%), an average of +8.7% a year. The sharpest change came in the year to December 2020, when income rose by 31%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Twin Harbors Group Home Association Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within WA. Charities of a similar size with the same main cause include Excel Alaska Inc ($3.6m), The Pinon Project ($3.6m) and Bridge House ($3.6m).

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 (2.6% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $876k against liabilities of $358k, net assets of $519k. It reported 64 employees.