Three Gaits Inc

Analysis

Three Gaits Inc is a registered charity in United States, based in Stoughton, WI. It received its IRS tax-exemption ruling in April 1984, 42 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2023, Three Gaits Inc reported income of $385k and spending of $396k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $427k to $385k (-9.8%), an average of -2.5% a year. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Three Gaits Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within WI. Charities of a similar size with the same main cause include Talent Skatepark Inc ($385k), Harlem Valley Rail Trail Association Inc ($385k) and Prairie View Christian Camp ($385k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $43k (11% of expenses). Other salaries and wages came to $163k. At year end it held assets of $454k against liabilities of $133k, net assets of $321k. It reported 22 employees.