Three Generations Inc

Analysis

Three Generations Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 2007, 19 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Three Generations Inc reported income of $568k and spending of $643k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $291k to $568k (+95%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Three Generations Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include One West 54th Street Foundation ($568k), Redbud Resource Group ($568k) and Galveston Arts Center Inc ($568k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $101k (16% of expenses). Other salaries and wages came to $98k. At year end it held assets of $43k against liabilities of $93k, net assets of -$50k. It reported 4 employees.