3 for the Love

Analysis

3 for the Love is a registered charity in United States, based in Prosper, TX. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, 3 for the Love reported income of $185k and spending of $215k, spending 117% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $153k to $185k (+21%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, 3 for the Love sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within TX. Charities of a similar size with the same main cause include Lubbock-Cooper Scholarship Foundation ($185k), United Christian Ministries Ofabbeville County Inc ($185k) and World Research Foundation ($185k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 24% of the total. At year end it held assets of $41k against liabilities of $4,904, net assets of $36k.