Final Third Foundation

Analysis

Final Third Foundation is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in March 2018, 8 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 May 2024, Final Third Foundation reported income of $887k and spending of $891k, spending 101% of its income. Across the 6 years on record, from May 2019 to May 2024, income grew from $135k to $887k (+556%), an average of +46% a year. The sharpest change came in the year to May 2022, when income rose by 153%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Final Third Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within OH. Charities of a similar size with the same main cause include Anchorage Sports Association Inc ($886k), Hoboken Community Center Inc ($887k) and Empower Me Academy ($886k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 42% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $85k (9.6% of expenses). Other salaries and wages came to $197k. At year end it held assets of $92k against liabilities of $120k, net assets of -$28k. It reported 26 employees.