Third Chair

Analysis

Third Chair is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in April 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 August 2023, Third Chair reported income of $1.2m and spending of $1.2m, spending 96% of its income. Across the 4 years on record, from August 2020 to August 2023, income grew from $532k to $1.2m (+131%), an average of +32% a year. The sharpest change came in the year to August 2021, when income rose by 64%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Third Chair sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within MI. Charities of a similar size with the same main cause include Feed the Second Line ($1.2m), Support Life Foundation ($1.2m) and The Resource Center for Community ($1.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.6% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $163k (14% of expenses). Other salaries and wages came to $35k. At year end it held assets of $225k against liabilities of $50k, net assets of $174k. It reported 6 employees.