Third Place Technologies

Analysis

Third Place Technologies is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 Place Technologies reported income of $138k and spending of $143k, spending 104% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $87k to $138k (+59%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 159%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Third Place Technologies sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 41st percentile within WA. Charities of a similar size with the same main cause include Mare Nostrum Elements Inc ($138k), Westbury Arts Inc ($138k) and The Lancaster Performing Arts Center Foundation ($138k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $20k (14% of expenses). Other salaries and wages came to $33k. At year end it held assets of $8,404 against liabilities of $0, net assets of $8,404.