Third Space Chicago

Analysis

Third Space Chicago is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 Chicago reported income of $178k and spending of $149k, spending 84% of its income. The sharpest change came in the year to December 2023, when income rose by 355%. Over the whole period it spent 126% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Third Space Chicago 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 51st percentile, and in the 52nd percentile within IL. Charities of a similar size with the same main cause include Trucksville Volunteer Fire & Rescue Inc ($177k), Bright Minds Youth Development ($178k) and Pregnancy Support Center of Ulster County ($177k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. At year end it held assets of $40k against liabilities of $0, net assets of $40k.