Threefold Education Association

Analysis

Threefold Education Association is a registered charity in United States, based in Mechanicsburg, PA. It received its IRS tax-exemption ruling in July 2019, 7 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 June 2024, Threefold Education Association reported income of $730k and spending of $325k, leaving 55% of income unspent that year. Across the 4 years on record, from June 2021 to June 2024, income grew from $228k to $730k (+219%), an average of +47% a year. The sharpest change came in the year to June 2024, when income rose by 171%. Over the whole period it spent 61% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Threefold Education Association sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within PA. Charities of a similar size with the same main cause include Global Education Benchmark Group ($730k), Ixs Foundation ($730k) and Agape Christian Preschool ($730k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 70% and program service revenue 30% of the total. Other salaries and wages came to $173k. At year end it held assets of $625k against liabilities of $0, net assets of $625k. It reported 5 employees.