Iam-3rivers Inc

Analysis

Iam-3rivers Inc is a registered charity in United States, based in Orono, ME. It received its IRS tax-exemption ruling in July 1978, 48 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Iam-3rivers Inc reported income of $9.1m and spending of $9.7m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.0m to $9.1m (+84%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 93%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Iam-3rivers Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within ME. Charities of a similar size with the same main cause include Third Option Foundation ($9.1m), Family Services of Tulare County ($9.1m) and Butler County Family Young Mens Christian Association ($9.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.0% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $146k (1.5% of expenses). Other salaries and wages came to $5.7m. At year end it held assets of $7.9m against liabilities of $5.4m, net assets of $2.5m. It reported 140 employees.