Three Gems Inc

Analysis

Three Gems Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in January 2001, 25 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Three Gems Inc reported income of $119k and spending of $166k, spending 139% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $101k to $119k (+18%), an average of +4.1% a year. Over the whole period it spent 129% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Three Gems Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 47th percentile within MA. Charities of a similar size with the same main cause include Sound Landing ($119k), Clyde Rooker Senior Village Inc ($119k) and Ami 2000 Housing Inc ($119k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $11k. At year end it held assets of $1.3m against liabilities of $978k, net assets of $306k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.