Three Mile Project Inc

Analysis

Three Mile Project Inc is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in October 2016, 10 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending February 2024, Three Mile Project Inc reported income of $456k and spending of $513k, spending 113% of what it took in. Across the 5 years on record, from February 2020 to February 2024, income fell from $807k to $456k (-44%), an average of -13% a year. The sharpest change came in the year to February 2021, when income dropped by 59%. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Three Mile Project Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within MI. Charities of a similar size with the same main cause include Loving All Animals Inc ($456k), Idaho Womens Charitable Foundation ($456k) and Salvage Yard Inc ($456k).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 31% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $97k (19% of expenses). Other salaries and wages came to $81k. At year end it held assets of $644k against liabilities of $11k, net assets of $633k. It reported 49 employees.