Third Street Education Center

Analysis

Third Street Education Center is a registered charity in United States, based in Greenville, NC. It received its IRS tax-exemption ruling in March 2009, 17 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, Third Street Education Center reported income of $1.3m and spending of $1.3m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.6m to $1.3m (-22%), an average of -6.1% a year. The sharpest change came in the year to December 2023, when income dropped by 28%. Over the whole period it spent 102% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Third Street Education Center sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within NC. Charities of a similar size with the same main cause include Gospel Operation International for Chinese Christians ($1.3m), The Institute ($1.3m) and Friends Publishing Corporation ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 5.7% of the total. Compensation of current officers, directors and key employees was $82k (6.2% of expenses). Other salaries and wages came to $748k. At year end it held assets of $6.0m against liabilities of $55k, net assets of $5.9m. It reported 53 employees.