Three Rivers Community Action Inc

Analysis

Three Rivers Community Action Inc is a registered charity in United States, based in Zumbrota, MN. It received its IRS tax-exemption ruling in August 1966, 60 years ago. 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 Rivers Community Action Inc reported income of $22.5m and spending of $19.7m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $14.0m to $22.5m (+61%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Three Rivers Community Action Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MN. Charities of a similar size with the same main cause include Aspira Inc of Illinois ($22.5m), Derryfield School ($22.5m) and Goodwill Industries of San Joaquin Valley Inc ($22.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $356k (1.8% of expenses). Other salaries and wages came to $6.0m. At year end it held assets of $41.2m against liabilities of $22.5m, net assets of $18.7m. It reported 219 employees.