Third Sector Capital Partners Inc

Analysis

Third Sector Capital Partners Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 Sector Capital Partners Inc reported income of $6.1m and spending of $10.5m, spending 171% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $11.7m to $6.1m (-48%), an average of -15% a year. The sharpest change came in the year to December 2021, when income rose by 273%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Third Sector Capital Partners Inc 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 93rd percentile, and in the 92nd percentile within MA. Charities of a similar size with the same main cause include Dubois-Pike-Warrick Economic Opportunity Committee Inc ($6.1m), Prisoners Legal Services of New York Inc ($6.1m) and Center for the Homeless Inc ($6.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $2.2m (21% of expenses). Other salaries and wages came to $4.5m. At year end it held assets of $24.9m against liabilities of $714k, net assets of $24.1m. It reported 70 employees.