Twin City Development Foundation
Twin City Development Foundation maintains strong assets despite variable revenue, with no reported officer compensation.
EIN: 208548088 · Winston Salem, NC · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $958K |
| Total Expenses | $713K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $16.4M |
| Net Assets | $14.9M |
| Transparency Score | 88/100 |
Is Twin City Development Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Twin City Development Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Twin City Development Foundation
Twin City Development Foundation (EIN: 208548088) is a nonprofit organization based in Winston Salem, NC, classified under NTEE code S41. The organization reported total revenue of $958K and total assets of $16.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Twin City Development Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Twin City Development Foundation 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 10.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $713K |
| Surplus / Deficit | +$384K |
| Total Assets | $15.0M |
| Total Liabilities | $50K |
| Net Assets | $14.9M |
| Operating Margin | 35.0% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 252.2 months |
Financial Health Grade: A
In 2023, Twin City Development Foundation reported a surplus of $384K with revenue exceeding expenses, holds 252.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Twin City Development Foundation's revenue has grown at a compound annual growth rate (CAGR) of 10.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -118.4% | -32.6% | -18.5% |
| 2021 | -74.9% | +171.8% | +11.9% |
| 2020 | +82.1% | -60.6% | +24.8% |
| 2019 | +434.7% | -4.4% | +30.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2007 |
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 City Development Foundation with a Mission Score of 88 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 City Development Foundation 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 $384K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating either a volunteer-led organization or that compensation is covered through other means not reported as officer compensation, which is highly favorable for a nonprofit of its asset size ($16.4M).
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 City Development Foundation's IRS 990 filings:
- Highly variable annual revenue, making future income projections challenging.
Strengths
The following positive indicators were identified for Twin City Development Foundation:
- Strong and growing asset base, currently $16,423,153.
- Consistent reporting of 0% officer compensation, indicating efficient use of funds.
- Generally positive net income in most recent years (e.g., $1,097,592 revenue vs $713,314 expenses in 2023).
- Low liabilities relative to assets, indicating good financial health (e.g., $50,270 liabilities vs $14,990,048 assets in 2023).
Frequently Asked Questions about Twin City Development Foundation
Is Twin City Development Foundation a legitimate charity?
Twin City Development Foundation (EIN: 208548088) is a registered tax-exempt nonprofit based in North Carolina. Our AI analysis gives it a Mission Score of 88/100. It has 13 years of IRS 990 filings on record. Total revenue: $958K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Twin City Development Foundation spend its money?
Twin City Development Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Twin City Development Foundation tax-deductible?
Twin City Development Foundation is registered as a tax-exempt nonprofit (EIN: 208548088). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Twin City Development Foundation CEO make?
Twin City Development Foundation's highest-compensated officer earns $16.4M annually. The organization reported $958K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Twin City Development Foundation's spending goes to programs?
Twin City Development Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Twin City Development Foundation compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Twin City Development Foundation is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Twin City Development Foundation located?
Twin City Development Foundation is headquartered in Winston Salem, North Carolina and files with the IRS under EIN 208548088. It is classified under NTEE code S41.
How many years of IRS 990 filings does Twin City Development Foundation have?
Twin City Development Foundation 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 $958K in total revenue.
Is Twin City Development Foundation a good charity?
Based on the available data, Twin City Development Foundation appears to be a good charity. It maintains a strong asset base, has shown periods of significant revenue generation, and notably reports 0% officer compensation, suggesting efficient use of funds and strong governance.
How stable is Twin City Development Foundation financially?
Financially, Twin City Development Foundation is stable, evidenced by its substantial assets of $16,423,153. While revenue has been volatile, the organization has consistently grown its asset base over time, indicating long-term financial health.
What is the trend in Twin City Development Foundation's assets?
Twin City Development Foundation's assets have shown a strong upward trend, growing from $9,633,707 in 2015 to $16,423,153 currently, demonstrating effective asset management and growth.
Filing History
IRS 990 filing history for Twin City Development Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Twin City Development Foundation's revenue has grown by 247.3%, moving from $316K to $1.1M. Total assets increased by 75.6% over the same period, from $8.5M to $15.0M. Total functional expenses rose by 56.1%, from $457K to $713K. In its most recent filing year (2023), Twin City Development Foundation reported a surplus of $384K, with revenue exceeding expenses. The organization holds $50K in liabilities against $15.0M in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $14.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $713K | $15.0M | $50K | — | — |
| 2022 | $-115,486 | $445K | $13.6M | $27K | — | View 990 |
| 2021 | $629K | $659K | $16.7M | $89K | — | View 990 |
| 2020 | $2.5M | $243K | $15.0M | $171K | — | — |
| 2019 | $1.4M | $615K | $12.0M | $366K | — | View 990 |
| 2018 | $257K | $644K | $9.2M | $362K | — | View 990 |
| 2017 | $915K | $858K | $10.7M | $262K | — | View 990 |
| 2016 | $328K | $541K | $10.0M | $47K | — | View 990 |
| 2015 | $345K | $364K | $9.6M | $33K | — | View 990 |
| 2014 | $883K | $393K | $10.3M | $26K | — | View 990 |
| 2013 | $602K | $290K | $10.1M | $124K | — | View 990 |
| 2012 | $358K | $354K | $9.1M | $213K | — | View 990 |
| 2011 | $316K | $457K | $8.5M | $150K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $713K, and assets of $15.0M.
- 2022: Revenue of $-115,486, expenses of $445K, and assets of $13.6M (revenue -118.4% year-over-year).
- 2021: Revenue of $629K, expenses of $659K, and assets of $16.7M (revenue -74.9% year-over-year).
- 2020: Revenue of $2.5M, expenses of $243K, and assets of $15.0M (revenue +82.1% year-over-year).
- 2019: Revenue of $1.4M, expenses of $615K, and assets of $12.0M (revenue +434.7% year-over-year).
- 2018: Revenue of $257K, expenses of $644K, and assets of $9.2M (revenue -71.9% year-over-year).
- 2017: Revenue of $915K, expenses of $858K, and assets of $10.7M (revenue +179.2% year-over-year).
- 2016: Revenue of $328K, expenses of $541K, and assets of $10.0M (revenue -5.0% year-over-year).
- 2015: Revenue of $345K, expenses of $364K, and assets of $9.6M (revenue -60.9% year-over-year).
- 2014: Revenue of $883K, expenses of $393K, and assets of $10.3M (revenue +46.5% year-over-year).
- 2013: Revenue of $602K, expenses of $290K, and assets of $10.1M (revenue +68.4% year-over-year).
- 2012: Revenue of $358K, expenses of $354K, and assets of $9.1M (revenue +13.2% year-over-year).
- 2011: Revenue of $316K, expenses of $457K, and assets of $8.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Twin City Development Foundation:
Data Sources and Methodology
This transparency report for Twin City Development Foundation 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.