Third Avenue Charitable Organization Inc

Analysis

Third Avenue Charitable Organization Inc is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in August 1996, 30 years ago. Its declared purposes cover food, agriculture and nutrition, 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 Avenue Charitable Organization Inc reported income of $497k and spending of $382k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $321k to $497k (+55%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 81%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Third Avenue Charitable Organization Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include Hri Community Resources Inc ($497k), El Kinder Bilingual Academy Inc ($497k) and Fam 1st Family Foundation ($497k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $72k (19% of expenses). Other salaries and wages came to $165k. At year end it held assets of $269k against liabilities of -$1,121, net assets of $270k. It reported 10 employees.