Twin Cities Diversity In Practice

Is Twin Cities Diversity In Practice Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Twin Cities Diversity In Practice directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Twin Cities Diversity In Practice

Twin Cities Diversity In Practice (EIN: 203010154) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code S41. The organization reported total revenue of $862K and total assets of $897K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Twin Cities Diversity In Practice's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Twin Cities Diversity In Practice is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.6%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Twin Cities Diversity In Practice reported a surplus of $114K with revenue exceeding expenses, holds 15.4 months of operating reserves (strong position), has a debt-to-asset ratio of 26.6% (moderate leverage).

Financial Trends

Over 13 years of filings (2011–2023), Twin Cities Diversity In Practice's revenue has grown at a compound annual growth rate (CAGR) of 7.6%.

IRS Tax-Exempt Classification

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 Diversity In Practice with a Mission Score of 92 out of 100 (Excellent). 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, Twin Cities Diversity In Practice 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 $114K, with revenue exceeding expenses.
• Debt-to-asset ratio: 26.6%.

Executive Compensation Analysis

Twin Cities Diversity In Practice has consistently reported 0% officer compensation across all 13 available IRS 990 filings, indicating that no compensation was paid to officers, directors, trustees, or key employees. This is highly unusual for an organization of its size, with latest revenue of $861,733, and suggests a strong commitment to directing resources towards its mission.

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 Diversity In Practice's IRS 990 filings:

• No specific red flags identified based on the provided financial data.

Strengths

The following positive indicators were identified for Twin Cities Diversity In Practice:

• Consistent revenue growth, increasing from $453,902 in 2019 to $810,211 in 2023.
• Strong asset growth, nearly doubling from $445,875 in 2019 to $891,047 in 2023.
• Consistently operates with a financial surplus, indicating sound financial management.
• 0% reported officer compensation across all 13 filings, suggesting high resource allocation to mission.
• Healthy asset-to-liability ratio, indicating strong financial solvency.

Frequently Asked Questions about Twin Cities Diversity In Practice

Filing History

IRS 990 filing history for Twin Cities Diversity In Practice showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Twin Cities Diversity In Practice's revenue has grown by 140.3%, moving from $337K to $810K. Total assets increased by 218.5% over the same period, from $280K to $891K. Total functional expenses rose by 85%, from $376K to $696K. In its most recent filing year (2023), Twin Cities Diversity In Practice reported a surplus of $114K, with revenue exceeding expenses. The organization holds $237K in liabilities against $891K in assets (debt-to-asset ratio: 26.6%), resulting in net assets of $654K.

Year-by-Year Financial Summary

• 2023: Revenue of $810K, expenses of $696K, and assets of $891K (revenue +25.1% year-over-year).
• 2022: Revenue of $648K, expenses of $560K, and assets of $771K (revenue +33.4% year-over-year).
• 2021: Revenue of $486K, expenses of $481K, and assets of $683K (revenue -3.4% year-over-year).
• 2020: Revenue of $502K, expenses of $484K, and assets of $569K (revenue +10.7% year-over-year).
• 2019: Revenue of $454K, expenses of $441K, and assets of $446K (revenue +5.7% year-over-year).
• 2018: Revenue of $429K, expenses of $384K, and assets of $452K (revenue -0.8% year-over-year).
• 2017: Revenue of $433K, expenses of $475K, and assets of $381K (revenue -11.7% year-over-year).
• 2016: Revenue of $490K, expenses of $424K, and assets of $509K (revenue +15.1% year-over-year).
• 2015: Revenue of $426K, expenses of $371K, and assets of $489K (revenue +6.2% year-over-year).
• 2014: Revenue of $401K, expenses of $379K, and assets of $472K (revenue +0.6% year-over-year).
• 2013: Revenue of $398K, expenses of $348K, and assets of $409K (revenue +8.7% year-over-year).
• 2012: Revenue of $367K, expenses of $336K, and assets of $264K (revenue +8.7% year-over-year).
• 2011: Revenue of $337K, expenses of $376K, and assets of $280K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Twin Cities Diversity In Practice:

Data Sources and Methodology

This transparency report for Twin Cities Diversity In Practice 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.