3 to 1 Foundation

Analysis

3 to 1 Foundation is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in March 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending November 2023, 3 to 1 Foundation reported income of $271k and spending of $122k, leaving 55% of income unspent that year. Across the 5 years on record, from November 2019 to November 2023, income grew from $91k to $271k (+198%), an average of +31% a year. The sharpest change came in the year to November 2023, when income rose by 82%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, 3 to 1 Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 64th percentile within TX. Charities of a similar size with the same main cause include Branch County United Way Inc ($271k), Helena Area Community Foundation ($271k) and Louise Marshall Trust Uw ($271k).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 11% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $63k (52% of expenses). Other salaries and wages came to $2,940. At year end it held assets of $1.2m against liabilities of $571, net assets of $1.2m. It reported 2 employees.