Twispworks Foundation

Analysis

Twispworks Foundation is a registered charity in United States, based in Twisp, WA. It received its IRS tax-exemption ruling in October 1999, 27 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Twispworks Foundation reported income of $1.4m and spending of $1.0m, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.9m to $1.4m (-27%), an average of -7.5% a year. The sharpest change came in the year to December 2023, when income rose by 91%. Over the whole period it spent 62% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Twispworks Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within WA. Charities of a similar size with the same main cause include Design History Foundation Inc ($1.4m), Columbia Stage Society ($1.4m) and School for Strings Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $93k (8.9% of expenses). Other salaries and wages came to $347k. At year end it held assets of $5.0m against liabilities of $359k, net assets of $4.6m. It reported 11 employees.