Third Place Inc

Analysis

Third Place Inc is a registered charity in United States, based in Ames, IA. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Third Place Inc reported income of $108k and spending of $88k, spending 81% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $69k to $108k (+56%), an average of +56% a year. The sharpest change came in the year to June 2024, when income rose by 56%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Third Place Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within IA. Charities of a similar size with the same main cause include Sisters with Purpose Inc ($108k), Mercurial Inc ($108k) and Crisis Pregnancy Center of Scranton Inc ($108k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 81% and program service revenue 19% of the total. At year end it held assets of $170k against liabilities of $0, net assets of $170k.