3l Place Inc

Analysis

3l Place Inc is a registered charity in United States, based in Somerville, MA. It received its IRS tax-exemption ruling in October 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. 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, 3l Place Inc reported income of $1.0m and spending of $778k, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $483k to $1.0m (+111%), an average of +20% a year. The sharpest change came in the year to June 2020, when income rose by 52%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, 3l Place Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within MA. Charities of a similar size with the same main cause include Adams 14 Education Foundation ($1.0m), Hillsborough Christian Academy Inc ($1.0m) and Hope Academy for Dyslexics ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $176k (23% of expenses). Other salaries and wages came to $241k. At year end it held assets of $556k against liabilities of $147k, net assets of $409k. It reported 9 employees.