Twin Cities Academy
Twin Cities Academy maintains operations near break-even with declining assets and high liabilities.
EIN: 200257761 · Saint Paul, MN · NTEE: B29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $10.7M |
| Total Expenses | $9.9M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $9 |
| Net Assets | $-732,838 |
| Transparency Score | 65/100 |
Is Twin Cities Academy Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Twin Cities Academy directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Twin Cities Academy
Twin Cities Academy (EIN: 200257761) is a nonprofit organization based in Saint Paul, MN, classified under NTEE code B29. The organization reported total revenue of $10.7M and total assets of $6.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Twin Cities Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Twin Cities Academy is a large nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 17.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.9M |
| Total Expenses | $9.9M |
| Surplus / Deficit | +$2K |
| Total Assets | $6.3M |
| Total Liabilities | $7.0M |
| Net Assets | $-732,838 |
| Operating Margin | 0.0% |
| Debt-to-Asset Ratio | 111.6% |
| Months of Reserves | 7.7 months |
Financial Health Grade: B
In 2023, Twin Cities Academy reported a surplus of $2K with revenue exceeding expenses, holds 7.7 months of operating reserves (strong position), has a debt-to-asset ratio of 111.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Twin Cities Academy's revenue has grown at a compound annual growth rate (CAGR) of 17.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.4% | +0.1% | -16.1% |
| 2022 | +3.6% | +12.6% | -22.6% |
| 2021 | +2.0% | -0.2% | -3.5% |
| 2020 | +1.9% | -1.0% | -14.3% |
| 2019 | +2.1% | -13.2% | -6.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2004 |
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 Twin Cities Academy with a Mission Score of 65 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Twin Cities Academy allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $2K, with revenue exceeding expenses.
- Debt-to-asset ratio: 111.6%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation, which is unusual for an organization with annual revenues exceeding $9 million and suggests either a highly volunteer-led executive team or a lack of detailed compensation reporting for key management personnel.
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 Twin Cities Academy's IRS 990 filings:
- Consistent decline in assets over recent years (from $12.5M in 2018 to $6.3M in 2023).
- Liabilities consistently exceed assets, indicating potential solvency concerns or high debt reliance.
- 0% reported officer compensation across all filings, which is atypical for an organization of this size and revenue, raising transparency questions.
Strengths
The following positive indicators were identified for Twin Cities Academy:
- Consistent revenue generation, maintaining over $9 million annually in recent periods.
- Generally operates near break-even, indicating sound day-to-day financial management.
- Long filing history (13 filings) demonstrates consistent reporting to the IRS.
Frequently Asked Questions about Twin Cities Academy
Is Twin Cities Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, Twin Cities Academy (EIN: 200257761) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Twin Cities Academy spend its money?
Twin Cities Academy directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Twin Cities Academy tax-deductible?
Twin Cities Academy is registered as a tax-exempt nonprofit (EIN: 200257761). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Twin Cities Academy CEO make?
Twin Cities Academy's highest-compensated officer earns $9 annually. The organization reported $10.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Twin Cities Academy's spending goes to programs?
Twin Cities Academy directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Twin Cities Academy compare to similar nonprofits?
With a transparency score of 65/100 (Good), Twin Cities Academy is above average for NTEE category B29 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Twin Cities Academy located?
Twin Cities Academy is headquartered in Saint Paul, Minnesota and files with the IRS under EIN 200257761. It is classified under NTEE code B29.
How many years of IRS 990 filings does Twin Cities Academy have?
Twin Cities Academy 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 $10.7M in total revenue.
Why have Twin Cities Academy's assets decreased significantly from $12.5 million in 2018 to $6.3 million in 2023?
The filings show a consistent decline in assets from a peak of $12,505,939 in 201806 to $6,307,709 in 202306. This trend, alongside high liabilities, suggests potential asset divestment or depreciation that warrants further investigation.
What is the nature of Twin Cities Academy's liabilities, which consistently exceed its assets?
For example, in 202306, liabilities were $7,040,547 while assets were $6,307,709. This consistent pattern across multiple years (e.g., 202206, 202106) indicates a reliance on debt or other obligations that exceed the organization's current asset base, which could pose long-term financial risk.
How does Twin Cities Academy manage to operate with 0% reported officer compensation?
All 13 available filings report 0% officer compensation. This is highly unusual for an organization with over $9 million in annual revenue and suggests either a unique operational model with entirely volunteer leadership or that compensation for key management is reported under other expense categories, which would impact transparency.
Filing History
IRS 990 filing history for Twin Cities Academy showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Twin Cities Academy's revenue has grown by 608.8%, moving from $1.4M to $9.9M. Total assets increased by 1082% over the same period, from $534K to $6.3M. Total functional expenses rose by 675.1%, from $1.3M to $9.9M. In its most recent filing year (2023), Twin Cities Academy reported a surplus of $2K, with revenue exceeding expenses. The organization holds $7.0M in liabilities against $6.3M in assets (debt-to-asset ratio: 111.6%), resulting in net assets of $-732,838.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9.9M | $9.9M | $6.3M | $7.0M | — | — |
| 2022 | $9.7M | $9.9M | $7.5M | $8.6M | — | View 990 |
| 2021 | $9.4M | $8.8M | $9.7M | $10.8M | — | View 990 |
| 2020 | $9.2M | $8.8M | $10.1M | $11.3M | — | View 990 |
| 2019 | $9.1M | $8.9M | $11.7M | $12.8M | — | View 990 |
| 2018 | $8.9M | $10.2M | $12.5M | $14.6M | — | View 990 |
| 2017 | $8.0M | $9.1M | $3.1M | $3.8M | — | View 990 |
| 2016 | $3.1M | $3.0M | $1.0M | $1.2M | — | View 990 |
| 2015 | $2.7M | $2.6M | $1.9M | $2.1M | — | View 990 |
| 2014 | $2.3M | $2.2M | $835K | $270K | — | View 990 |
| 2013 | $2.0M | $1.9M | $712K | $206K | — | View 990 |
| 2012 | $1.7M | $1.5M | $734K | $360K | — | View 990 |
| 2011 | $1.4M | $1.3M | $534K | $309K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.9M, expenses of $9.9M, and assets of $6.3M (revenue +1.4% year-over-year).
- 2022: Revenue of $9.7M, expenses of $9.9M, and assets of $7.5M (revenue +3.6% year-over-year).
- 2021: Revenue of $9.4M, expenses of $8.8M, and assets of $9.7M (revenue +2.0% year-over-year).
- 2020: Revenue of $9.2M, expenses of $8.8M, and assets of $10.1M (revenue +1.9% year-over-year).
- 2019: Revenue of $9.1M, expenses of $8.9M, and assets of $11.7M (revenue +2.1% year-over-year).
- 2018: Revenue of $8.9M, expenses of $10.2M, and assets of $12.5M (revenue +10.2% year-over-year).
- 2017: Revenue of $8.0M, expenses of $9.1M, and assets of $3.1M (revenue +163.6% year-over-year).
- 2016: Revenue of $3.1M, expenses of $3.0M, and assets of $1.0M (revenue +12.8% year-over-year).
- 2015: Revenue of $2.7M, expenses of $2.6M, and assets of $1.9M (revenue +20.2% year-over-year).
- 2014: Revenue of $2.3M, expenses of $2.2M, and assets of $835K (revenue +13.5% year-over-year).
- 2013: Revenue of $2.0M, expenses of $1.9M, and assets of $712K (revenue +19.3% year-over-year).
- 2012: Revenue of $1.7M, expenses of $1.5M, and assets of $734K (revenue +19.4% year-over-year).
- 2011: Revenue of $1.4M, expenses of $1.3M, and assets of $534K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Twin Cities Academy:
Data Sources and Methodology
This transparency report for Twin Cities Academy 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.