Three Strands

Analysis

Three Strands is a registered charity in United States, based in Winona Lake, IN. It received its IRS tax-exemption ruling in December 2016, 10 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 Strands reported income of $744k and spending of $535k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $222k to $744k (+236%), an average of +35% a year. The sharpest change came in the year to December 2023, when income rose by 91%. Over the whole period it spent 78% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Three Strands sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within IN. Charities of a similar size with the same main cause include Kwo Ministries ($743k), Yemen Relief and Reconstruction Foundation ($744k) and Keeping Our Promise Inc ($743k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $179k (33% of expenses). Other salaries and wages came to $2,594. At year end it held assets of $702k against liabilities of $3,118, net assets of $699k. It reported 3 employees.