Three Rivers Promise

Analysis

Three Rivers Promise is a registered charity in United States, based in Three Rivers, MI. It received its IRS tax-exemption ruling in October 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 December 2023, Three Rivers Promise reported income of $207k and spending of $24k, leaving 89% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $281k to $207k (-26%), an average of -14% a year. The sharpest change came in the year to December 2023, when income rose by 65%. Over the whole period it spent 8.8% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Three Rivers Promise sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 54th percentile within MI. Charities of a similar size with the same main cause include One Love ($207k), James M Dye Foundation Inc ($207k) and Triumph Foundation ($207k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $581k against liabilities of $0, net assets of $581k.