3strands Global Foundation

Analysis

3strands Global Foundation is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in September 2011, 15 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, 3strands Global Foundation reported income of $2.6m and spending of $3.0m, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $2.6m (+98%), an average of +19% a year. The sharpest change came in the year to June 2021, when income rose by 32%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, 3strands Global Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Warren-Hamilton Counties Action Committee for Economic Opportunity ($2.6m), 698 South Main Street Inc ($2.6m) and Circle of Light Associates ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 4.2% of the total. Compensation of current officers, directors and key employees was $209k (7.0% of expenses). Other salaries and wages came to $1.6m. It paid $9,670 in professional fundraising fees. At year end it held assets of $977k against liabilities of $646k, net assets of $331k. It reported 43 employees.