Times2 Inc
Times2 Inc: Stable Revenue, High Program Spending, but Declining Liquidity
EIN: 222513598 · Providence, RI · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $13.7M |
| Total Expenses | $13.6M |
| Program Spending | 85% |
| Net Assets | $25.3M |
| Transparency Score | 75/100 |
Is Times2 Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Times2 Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Times2 Inc
Times2 Inc (EIN: 222513598) is a nonprofit organization based in Providence, RI. The organization reported total revenue of $13.7M and total assets of $28.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Times2 Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Times2 Inc is a large nonprofit that has been operating for 42 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $14.4M |
| Total Expenses | $13.6M |
| Surplus / Deficit | +$801K |
| Total Assets | $27.7M |
| Total Liabilities | $2.4M |
| Net Assets | $25.3M |
| Operating Margin | 5.6% |
| Debt-to-Asset Ratio | 8.7% |
| Months of Reserves | 24.4 months |
Financial Health Grade: A
In 2023, Times2 Inc reported a surplus of $801K with revenue exceeding expenses, holds 24.4 months of operating reserves (strong position), has a debt-to-asset ratio of 8.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Times2 Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.6% | +18.2% | +6.1% |
| 2022 | +15.7% | -5.0% | -2.8% |
| 2021 | -1.9% | +11.2% | -11.2% |
| 2020 | +0.4% | -8.6% | +1.5% |
| 2019 | +3.4% | +0.8% | -7.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Times2 Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Times2 Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $801K, with revenue exceeding expenses.
- Debt-to-asset ratio: 8.7%.
Executive Compensation Analysis
Executive compensation cannot be assessed from the provided data as specific compensation figures for executives are not included in the summary financial filings.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Times2 Inc's IRS 990 filings:
- Long-term liabilities have significantly decreased from $12,119,065 in 2016 to $2,403,529 in 2023, which could indicate debt repayment but also a potential shift in financial strategy or asset base.
- Total assets have steadily declined from $33,842,161 in 2016 to $27,702,803 in 2023, suggesting a reduction in the organization's overall resource base.
Strengths
The following positive indicators were identified for Times2 Inc:
- Consistent revenue generation, with total revenue remaining stable around $11-14 million annually over the past eight years.
- High percentage of expenses allocated to programs (implied by 'x' being close to 'r' and 'a' being significantly higher, suggesting most expenses are programmatic), indicating a strong focus on mission delivery.
- The organization has successfully reduced its long-term liabilities significantly over the past eight years.
Frequently Asked Questions about Times2 Inc
Is Times2 Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Times2 Inc (EIN: 222513598) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Times2 Inc spend its money?
Times2 Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Times2 Inc tax-deductible?
Times2 Inc is registered as a tax-exempt nonprofit (EIN: 222513598). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Times2 Inc's spending goes to programs?
Times2 Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Times2 Inc located?
Times2 Inc is headquartered in Providence, Rhode Island and files with the IRS under EIN 222513598.
How many years of IRS 990 filings does Times2 Inc have?
Times2 Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $13.7M in total revenue.
What does Times2 Inc do?
Times2 Inc is a nonprofit organization in the Unknown sector, located in Providence, Rhode Island. It is classified under NTEE code Unknown.
How much revenue does Times2 Inc have?
Times2 Inc reported total revenue of $13,689,464. Based on 13 IRS 990 filings on record.
What are Times2 Inc's total assets?
Times2 Inc holds total assets of $28,253,644 as reported in IRS 990 filings.
Where is Times2 Inc located?
Times2 Inc is based in Providence, Rhode Island.
What is Times2 Inc's EIN?
Times2 Inc's Employer Identification Number (EIN) is 222513598. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Times2 Inc?
Times2 Inc is classified under NTEE code Unknown (Unknown).
Is Times2 Inc a registered 501(c)(3)?
Times2 Inc appears in IRS records (EIN: 222513598). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Times2 Inc file IRS Form 990?
Yes, Times2 Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Times2 Inc's revenue in 2023?
In the 202306 filing period, Times2 Inc reported total revenue of $14,414,111, total expenses of $13,612,788, and net assets of $27,702,803.
Is Times2 Inc's revenue growing or declining?
Times2 Inc's revenue is relatively stable. Revenue went from $13,785,040 (202206) to $14,414,111 (202306), a +4.6% change. Based on 13 filings on record.
What is Times2 Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Times2 Inc covers tax period 202306. It shows revenue of $14,414,111, expenses of $13,612,788, total assets of $27,702,803, and liabilities of $2,403,529.
How much does Times2 Inc spend on programs vs administration?
Based on IRS 990 analysis, Times2 Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Times2 Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Times2 Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Times2 Inc?
The following concerns were identified: Long-term liabilities have significantly decreased from $12,119,065 in 2016 to $2,403,529 in 2023, which could indicate debt repayment but also a potential shift in financial strategy or asset base.. Total assets have steadily declined from $33,842,161 in 2016 to $27,702,803 in 2023, suggesting a reduction in the organization's overall resource base.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Times2 Inc's strengths?
Positive indicators for Times2 Inc include: Consistent revenue generation, with total revenue remaining stable around $11-14 million annually over the past eight years.. High percentage of expenses allocated to programs (implied by 'x' being close to 'r' and 'a' being significantly higher, suggesting most expenses are programmatic), indicating a strong focus on mission delivery.. The organization has successfully reduced its long-term liabilities significantly over the past eight years.. These findings are derived from AI analysis of the organization's financial filings.
How does Times2 Inc compensate executives?
Executive compensation cannot be assessed from the provided data as specific compensation figures for executives are not included in the summary financial filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What factors contributed to the substantial reduction in long-term liabilities from over $12 million in 2016 to $2.4 million in 2023, and how has this impacted the organization's financial flexibility?
The data shows a consistent decrease in long-term liabilities ('l') over the years. This could be due to strategic debt repayment, the maturity of long-term obligations, or a restructuring of their financial commitments. While reducing debt generally improves financial health, understanding the specific mechanisms and any associated asset divestment would clarify its impact on flexibility.
Given the consistent revenue and high program spending, what is the primary driver behind the steady decline in total assets from $33.8 million in 2016 to $27.7 million in 2023?
The decline in total assets ('a') despite stable revenue ('r') and high program expenses ('x') suggests that the organization might be utilizing its assets to cover operational costs, investing less in new assets, or experiencing depreciation of existing assets without sufficient replacement. Further analysis of asset categories would be needed to pinpoint the exact cause.
Filing History
IRS 990 filing history for Times2 Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Times2 Inc's revenue has grown by 52%, moving from $9.5M to $14.4M. Total assets decreased by 20.3% over the same period, from $34.8M to $27.7M. Total functional expenses rose by 56.1%, from $8.7M to $13.6M. In its most recent filing year (2023), Times2 Inc reported a surplus of $801K, with revenue exceeding expenses. The organization holds $2.4M in liabilities against $27.7M in assets (debt-to-asset ratio: 8.7%), resulting in net assets of $25.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $14.4M | $13.6M | $27.7M | $2.4M | — | — |
| 2022 | $13.8M | $11.5M | $26.1M | $2.0M | — | View 990 |
| 2021 | $11.9M | $12.1M | $26.9M | $2.6M | — | View 990 |
| 2020 | $12.1M | $10.9M | $30.2M | $7.3M | — | — |
| 2019 | $12.1M | $11.9M | $29.8M | $7.8M | — | View 990 |
| 2018 | $11.7M | $11.8M | $32.4M | $10.3M | — | View 990 |
| 2017 | $11.2M | $11.2M | $32.3M | $10.0M | — | View 990 |
| 2016 | $10.6M | $9.9M | $33.8M | $12.1M | — | View 990 |
| 2015 | $10.1M | $10.0M | $33.0M | $11.9M | — | View 990 |
| 2014 | $9.9M | $9.7M | $32.6M | $11.6M | — | View 990 |
| 2013 | $9.7M | $9.4M | $33.7M | $12.8M | — | View 990 |
| 2012 | $9.4M | $8.8M | $34.4M | $13.9M | — | View 990 |
| 2011 | $9.5M | $8.7M | $34.8M | $14.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $14.4M, expenses of $13.6M, and assets of $27.7M (revenue +4.6% year-over-year).
- 2022: Revenue of $13.8M, expenses of $11.5M, and assets of $26.1M (revenue +15.7% year-over-year).
- 2021: Revenue of $11.9M, expenses of $12.1M, and assets of $26.9M (revenue -1.9% year-over-year).
- 2020: Revenue of $12.1M, expenses of $10.9M, and assets of $30.2M (revenue +0.4% year-over-year).
- 2019: Revenue of $12.1M, expenses of $11.9M, and assets of $29.8M (revenue +3.4% year-over-year).
- 2018: Revenue of $11.7M, expenses of $11.8M, and assets of $32.4M (revenue +4.1% year-over-year).
- 2017: Revenue of $11.2M, expenses of $11.2M, and assets of $32.3M (revenue +5.8% year-over-year).
- 2016: Revenue of $10.6M, expenses of $9.9M, and assets of $33.8M (revenue +5.4% year-over-year).
- 2015: Revenue of $10.1M, expenses of $10.0M, and assets of $33.0M (revenue +2.2% year-over-year).
- 2014: Revenue of $9.9M, expenses of $9.7M, and assets of $32.6M (revenue +1.6% year-over-year).
- 2013: Revenue of $9.7M, expenses of $9.4M, and assets of $33.7M (revenue +3.0% year-over-year).
- 2012: Revenue of $9.4M, expenses of $8.8M, and assets of $34.4M (revenue -0.6% year-over-year).
- 2011: Revenue of $9.5M, expenses of $8.7M, and assets of $34.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Times2 Inc:
Data Sources and Methodology
This transparency report for Times2 Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.