3rd Decade Inc

Analysis

3rd Decade Inc is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, 3rd Decade Inc reported income of $1.3m and spending of $1.5m, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $334k to $1.3m (+276%), an average of +39% a year. The sharpest change came in the year to December 2020, when income rose by 173%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, 3rd Decade Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 79th percentile within AZ. Charities of a similar size with the same main cause include Arlington Hearts and Hands Inc ($1.3m), Forward Learning Youth and Young Adults Inc ($1.3m) and Golden West Communities Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $155k (10% of expenses). Other salaries and wages came to $527k. It paid $23k in professional fundraising fees. At year end it held assets of $1.1m against liabilities of $60k, net assets of $1.1m. It reported 10 employees.