3 Strands Global Foundation
EIN: 274594317 · Sacramento, CA · NTEE: J12
| Metric | Value |
|---|---|
| Total Revenue | $4.1M |
| Total Expenses | $3.0M |
| Net Assets | $331K |
Is 3 Strands Global Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About 3 Strands Global Foundation
3 Strands Global Foundation (EIN: 274594317) is a nonprofit organization based in Sacramento, CA, classified under NTEE code J12. The organization reported total revenue of $4.1M and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of 3 Strands Global Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
3 Strands Global Foundation is a mid-size nonprofit that has been operating for 15 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 32.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.6M |
| Total Expenses | $3.0M |
| Surplus / Deficit | $-398,629 |
| Total Assets | $977K |
| Total Liabilities | $646K |
| Net Assets | $331K |
| Operating Margin | -15.4% |
| Debt-to-Asset Ratio | 66.2% |
| Months of Reserves | 3.9 months |
Financial Health Grade: C
In 2023, 3 Strands Global Foundation reported a deficit of $399K with expenses exceeding revenue, holds 3.9 months of operating reserves (adequate), has a debt-to-asset ratio of 66.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), 3 Strands Global Foundation's revenue has grown at a compound annual growth rate (CAGR) of 32.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.2% | +20.5% | -8.8% |
| 2022 | +21.7% | +49.4% | -13.1% |
| 2021 | +32.2% | +18.0% | +21.6% |
| 2020 | +8.6% | +20.5% | +24.2% |
| 2019 | +178.9% | +149.3% | +199.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for 3 Strands Global Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates 3 Strands Global Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $399K, with expenses exceeding revenue.
- Debt-to-asset ratio: 66.2%.
Frequently Asked Questions about 3 Strands Global Foundation
Is 3 Strands Global Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, 3 Strands Global Foundation (EIN: 274594317) insufficient data. 0 red flags identified, 0 strengths noted.
How does 3 Strands Global Foundation spend its money?
Detailed spending breakdown data is not yet available for 3 Strands Global Foundation. Check back for updated IRS 990 analysis.
Are donations to 3 Strands Global Foundation tax-deductible?
3 Strands Global Foundation is registered as a tax-exempt nonprofit (EIN: 274594317). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is 3 Strands Global Foundation located?
3 Strands Global Foundation is headquartered in Sacramento, California and files with the IRS under EIN 274594317. It is classified under NTEE code J12.
How many years of IRS 990 filings does 3 Strands Global Foundation have?
3 Strands Global Foundation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $4.1M in total revenue.
Filing History
IRS 990 filing history for 3 Strands Global Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), 3 Strands Global Foundation's revenue has grown by 2875.1%, moving from $87K to $2.6M. Total assets increased by 8703.9% over the same period, from $11K to $977K. Total functional expenses rose by 3833.9%, from $76K to $3.0M. In its most recent filing year (2023), 3 Strands Global Foundation reported a deficit of $399K, with expenses exceeding revenue. The organization holds $646K in liabilities against $977K in assets (debt-to-asset ratio: 66.2%), resulting in net assets of $331K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.6M | $3.0M | $977K | $646K | — | — |
| 2022 | $2.3M | $2.5M | $1.1M | $9K | — | View 990 |
| 2021 | $1.9M | $1.7M | $1.2M | $943K | — | View 990 |
| 2020 | $1.4M | $1.4M | $1.0M | $939K | — | View 990 |
| 2019 | $1.3M | $1.2M | $817K | $461K | — | View 990 |
| 2018 | $470K | $469K | $273K | $8K | — | View 990 |
| 2017 | $764K | $681K | $223K | $13K | — | View 990 |
| 2016 | $864K | $859K | $138K | $43K | — | View 990 |
| 2015 | $738K | $848K | $142K | $42K | — | View 990 |
| 2014 | $220K | $114K | $166K | $0 | — | View 990 |
| 2013 | $163K | $133K | $60K | $13 | — | View 990 |
| 2012 | $128K | $109K | $31K | $212 | — | View 990 |
| 2011 | $87K | $76K | $11K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.6M, expenses of $3.0M, and assets of $977K (revenue +13.2% year-over-year).
- 2022: Revenue of $2.3M, expenses of $2.5M, and assets of $1.1M (revenue +21.7% year-over-year).
- 2021: Revenue of $1.9M, expenses of $1.7M, and assets of $1.2M (revenue +32.2% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.4M, and assets of $1.0M (revenue +8.6% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.2M, and assets of $817K (revenue +178.9% year-over-year).
- 2018: Revenue of $470K, expenses of $469K, and assets of $273K (revenue -38.5% year-over-year).
- 2017: Revenue of $764K, expenses of $681K, and assets of $223K (revenue -11.5% year-over-year).
- 2016: Revenue of $864K, expenses of $859K, and assets of $138K (revenue +17.1% year-over-year).
- 2015: Revenue of $738K, expenses of $848K, and assets of $142K (revenue +235.7% year-over-year).
- 2014: Revenue of $220K, expenses of $114K, and assets of $166K (revenue +35.2% year-over-year).
- 2013: Revenue of $163K, expenses of $133K, and assets of $60K (revenue +26.6% year-over-year).
- 2012: Revenue of $128K, expenses of $109K, and assets of $31K (revenue +47.4% year-over-year).
- 2011: Revenue of $87K, expenses of $76K, and assets of $11K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for 3 Strands Global Foundation:
Data Sources and Methodology
This transparency report for 3 Strands Global Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.