180 Degrees Inc

Analysis

180 Degrees Inc is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in May 1972, 54 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, 180 Degrees Inc reported income of $8.5m and spending of $7.3m, spending 87% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $5.7m to $8.5m (+48%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 34%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, 180 Degrees Inc sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within MN. Charities of a similar size with the same main cause include East Texas Community Health Services Inc ($8.5m), Clairbourn School ($8.5m) and Douglas County Visiting Nurses Association Inc ($8.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $360k (4.9% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $7.7m against liabilities of $4.7m, net assets of $3.0m. It reported 194 employees.