Three Crowns Foundation

Analysis

Three Crowns Foundation is a registered charity in United States, based in Evanston, IL. It received its IRS tax-exemption ruling in October 2004, 22 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Three Crowns Foundation reported income of $89k and spending of $11k, leaving 87% of income unspent that year. Across the 6 years on record, from March 2019 to September 2023, income fell from $849k to $89k (-90%), an average of -36% a year. The sharpest change came in the year to September 2021, when income dropped by 73%. Over the whole period it spent 73% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Three Crowns Foundation sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 35th percentile within IL. Charities of a similar size with the same main cause include Proyecto Vida Digna ($89k), Spc4life ($89k) and Keller Williams Puget Sound Cares ($89k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 84% of the total. At year end it held assets of $415k against liabilities of $1.5m, net assets of -$1.1m.