3rivers Inc

Analysis

3rivers Inc is a registered charity in United States, based in Westbrook, ME. It received its IRS tax-exemption ruling in June 1988, 38 years ago. 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, 3rivers Inc reported income of $13.0m and spending of $12.3m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.6m to $13.0m (+23%), an average of +5.2% a year. The sharpest change came in the year to June 2022, when income rose by 22%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, 3rivers Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within ME. Charities of a similar size with the same main cause include Hillcrest Childrens Center ($13.0m), Community Services Agency ($13.0m) and Bethany Home Inc ($13.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.6% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $194k (1.6% of expenses). Other salaries and wages came to $4.5m. At year end it held assets of $7.4m against liabilities of $1.2m, net assets of $6.2m. It reported 102 employees.