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3keys Inc

RegisteredEIN 58-1899845Dresden Dr, GAHousing and shelter
Income$2.8m2023-12
Spending$3.3msame year
Spent / received108%5-year average
Size in its cause86th pctHousing and shelter
Exempt since2012Publicly supported organisat
Employees46latest return

Analysis

3keys Inc is a registered charity in United States, based in Dresden Dr, GA. It received its IRS tax-exemption ruling in March 2012, 14 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, 3keys Inc reported income of $2.8m and spending of $3.3m, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $2.8m (+50%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 38%. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, 3keys Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within GA. Charities of a similar size with the same main cause include Hope Housing Foundation ($2.8m), Greenhouse E3 ($2.8m) and The Temple Foundation Inc ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $160k (4.8% of expenses). Other salaries and wages came to $776k. At year end it held assets of $13.3m against liabilities of $11.8m, net assets of $1.6m. It reported 46 employees.

Income and spending

$0$833k$1.7m$2.5m$3.3m2019 Income: $1,855,3292019 Spending: $2,540,78120192020 Income: $2,565,4242020 Spending: $2,626,35820202021 Income: $2,815,2392021 Spending: $2,811,11720212022 Income: $3,261,4732022 Spending: $3,075,42620222023 Income: $2,784,5892023 Spending: $3,331,6752023
IncomeSpending

Where the income comes from

  • Contributions & grants 63%
  • Program services 37%

Similar-sized charities, same cause

CharityLocationIncome
Hope Housing FoundationMcKinney$2.8m
Greenhouse E3Houston$2.8m
The Temple Foundation IncFairfax$2.8m
Chinese-American Golden Age AssociationMonterey Park$2.8m