Third Phase Inc

Analysis

Third Phase Inc is a registered charity in United States, based in Noblesville, IN. It received its IRS tax-exemption ruling in February 1981, 45 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Phase Inc reported income of $163k and spending of $111k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $172k to $163k (-5.6%), an average of -1.4% a year. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Third Phase Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 48th percentile within IN. Charities of a similar size with the same main cause include Vanguard Residential Services Inc ($163k), Green County Food Pantry Inc ($163k) and Lorena Shepherds Heart ($163k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $33k (30% of expenses). At year end it held assets of $620k against liabilities of $0, net assets of $620k. It reported 1 employees.