360 Management Group Co

Analysis

360 Management Group Co is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in March 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, 360 Management Group Co reported income of $4.0m and spending of $4.4m, spending 111% of what it took in. Across the 4 years on record, from September 2020 to September 2023, income grew from $2.0m to $4.0m (+96%), an average of +25% a year. The sharpest change came in the year to September 2021, when income rose by 30%. Over the whole period it spent 118% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, 360 Management Group Co 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 91st percentile, and in the 89th percentile within CT. Charities of a similar size with the same main cause include City Rescue Mission of Lansing Michigan ($4.0m), Camba Housing Ventures Inc ($4.0m) and Habitat for Humanity International Inc ($4.0m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 94% of the total. Other salaries and wages came to $2.8m. At year end it held assets of $529k against liabilities of $3.5m, net assets of -$3.0m.

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.