Third Way Center Inc

Analysis

Third Way Center Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in June 1970, 56 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 Way Center Inc reported income of $19.5m and spending of $14.2m, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.2m to $19.5m (+74%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 25%. Over the whole period it spent 84% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Third Way Center Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within CO. Charities of a similar size with the same main cause include Onpoint Health Data ($19.5m), Westside Community Mental Health Center ($19.5m) and Principles Inc ($19.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.0% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $927k (6.5% of expenses). Other salaries and wages came to $8.7m. At year end it held assets of $22.9m against liabilities of $4.2m, net assets of $18.6m. It reported 226 employees.