Third Space Foundry

Analysis

Third Space Foundry is a registered charity in United States, based in Berkeley, CA. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Space Foundry reported income of $94k and spending of $45k, leaving 52% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $319k to $94k (-71%), an average of -70% a year. The sharpest change came in the year to December 2023, when income dropped by 71%. Over the whole period it spent 26% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Third Space Foundry sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 37th percentile within CA. Charities of a similar size with the same main cause include United We March Forward ($94k), Ac Reynolds High School Band Parents Association Inc ($94k) and Hastings Show Choir Booster Association Inc ($94k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $325k against liabilities of $3,671, net assets of $321k.