Three Rivers Manufacturers Assoc

Analysis

Three Rivers Manufacturers Assoc is a registered charity in United States, based in Joliet, IL. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Three Rivers Manufacturers Assoc reported income of $1.4m and spending of $1.5m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.9m to $1.4m (-28%), an average of -7.8% a year. The sharpest change came in the year to December 2020, when income dropped by 35%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Three Rivers Manufacturers Assoc 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 83rd percentile, and in the 82nd percentile within IL. Charities of a similar size with the same main cause include New Life Christian Academy ($1.4m), Covenant Childrens Center ($1.4m) and Cornerstone Academy and Ministries Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.1% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $165k (11% of expenses). Other salaries and wages came to $426k. At year end it held assets of $2.1m against liabilities of $756k, net assets of $1.4m. It reported 12 employees.