The3pointfoundation Inc

Analysis

The3pointfoundation Inc is a registered charity in United States, based in Brighton, MA. It received its IRS tax-exemption ruling in February 2013, 13 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, The3pointfoundation Inc reported income of $1.5m and spending of $921k, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $768k to $1.5m (+89%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 64%. Over the whole period it spent 54% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, The3pointfoundation Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MA. Charities of a similar size with the same main cause include Collision Ministries Inc ($1.5m), Skaneateles Recreational Charitable TR ($1.5m) and Students Run Philly Style ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% of the total. Compensation of current officers, directors and key employees was $103k (11% of expenses). Other salaries and wages came to $502k. It paid $9,297 in professional fundraising fees. At year end it held assets of $3.0m against liabilities of $0, net assets of $3.0m. It reported 71 employees.