Third Strand

Analysis

Third Strand is a registered charity in United States, based in Canyon, TX. It received its IRS tax-exemption ruling in November 2016, 10 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 December 2023, Third Strand reported income of $53k and spending of $65k, spending 124% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $53k to $53k (-0.7%), an average of -0.7% a year. Over the whole period it spent 110% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Third Strand sits at the 17th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 21st percentile within TX. Charities of a similar size with the same main cause include Hope Walk of Yates County Inc ($53k), Caring Aggies R Protecting Over Our Lives ($53k) and Cure Mucolipidosis ($53k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $17k against liabilities of $0, net assets of $17k.