Three-Wide Ministries

Analysis

Three-Wide Ministries is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in September 2013, 13 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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-Wide Ministries reported income of $300k and spending of $243k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $113k to $300k (+167%), an average of +167% a year. The sharpest change came in the year to December 2023, when income rose by 167%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Three-Wide Ministries sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within VA. Charities of a similar size with the same main cause include Gold Star Peak Inc ($300k), Evergreen Terrace Inc ($300k) and Casa of Western Oklahoma Inc ($300k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $40k (16% of expenses). Other salaries and wages came to $112k. At year end it held assets of $159k against liabilities of $0, net assets of $159k. It reported 2 employees.