Third Future Schools

Analysis

Third Future Schools is a registered charity in United States, based in Aurora, CO. It received its IRS tax-exemption ruling in November 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Third Future Schools reported income of $28.6m and spending of $32.9m, spending 115% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $11.1m to $28.6m (+158%), an average of +21% a year. The sharpest change came in the year to June 2021, when income rose by 41%. Over the whole period it spent 111% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Third Future Schools sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CO. Charities of a similar size with the same main cause include Atmosphere Academy Public Charter Schools ($28.6m), American Community School of Abu Dhabi ($28.6m) and Hawaii Preparatory Academy ($28.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 10% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $1.3m (4.0% of expenses). Other salaries and wages came to $9.7m. At year end it held assets of $67.2m against liabilities of $87.5m, net assets of -$20.3m. It reported 141 employees.