Direction61 3

Analysis

Direction61 3 is a registered charity in United States, based in McKinney, TX. It received its IRS tax-exemption ruling in April 2018, 8 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 October 2023, Direction61 3 reported income of $991k and spending of $963k, spending 97% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $309k to $991k (+221%), an average of +34% a year. The sharpest change came in the year to October 2022, when income rose by 56%. Over the whole period it spent 85% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Direction61 3 sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within TX. Charities of a similar size with the same main cause include St Bernard II ($991k), Olm Senior Housing Development Fund Corporation ($991k) and Stoneman Village II Housing Corporation ($991k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 76% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $104k (11% of expenses). Other salaries and wages came to $290k. At year end it held assets of $2.3m against liabilities of $1.4m, net assets of $856k. It reported 10 employees.