3gen Ministries

Analysis

3gen Ministries is a registered charity in United States, based in Greer, SC. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, 3gen Ministries reported income of $480k and spending of $548k, spending 114% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income grew from $245k to $480k (+96%), an average of +40% a year. The sharpest change came in the year to December 2022, when income rose by 57%. Over the whole period it spent 103% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, 3gen Ministries sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 74th percentile within SC. Charities of a similar size with the same main cause include New Alliance Missionary Church ($480k), West Florida Foster Care Services ($480k) and Living Army Inc ($480k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $291k (53% of expenses). At year end it held assets of $292k against liabilities of $0, net assets of $292k. It reported 2 employees.