The Third Way Foundation Inc

Analysis

The Third Way Foundation Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in June 1989, 37 years ago. 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, The Third Way Foundation Inc reported income of $9.2m and spending of $7.6m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.9m to $9.2m (+134%), an average of +24% a year. The sharpest change came in the year to December 2020, when income rose by 250%. Over the whole period it spent 65% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Third Way Foundation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 86th percentile within DC. Charities of a similar size with the same main cause include Bonita House Inc ($9.2m), Kentucky Association of Counties Inc ($9.2m) and Mount Rogers Community Services Inc ($9.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $3.7m. At year end it held assets of $18.3m against liabilities of $2.6m, net assets of $15.7m. It reported 45 employees.