Three Oclock Project

Analysis

Three Oclock Project is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in June 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Oclock Project reported income of $456k and spending of $549k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $820k to $456k (-44%), an average of -14% a year. The sharpest change came in the year to December 2020, when income rose by 2167%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Three Oclock Project sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within LA. Charities of a similar size with the same main cause include JS Bryant School Inc ($456k), Wausau School Foundation Inc ($456k) and Workwell Partnership ($456k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $85k (15% of expenses). Other salaries and wages came to $131k. At year end it held assets of $1.6m against liabilities of $4,154, net assets of $1.6m. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.