The 3rd Inc

Analysis

The 3rd Inc is a registered charity in United States, based in Columbia, MD. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, The 3rd Inc reported income of $589k and spending of $579k, spending 98% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $357k to $589k (+65%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The 3rd Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within MD. Charities of a similar size with the same main cause include Building Strong Communities Inc ($589k), Lehigh Valley Inter-Regional Networking & Connecting ($589k) and Citizens Utility Board of Michigan ($589k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $20k (3.4% of expenses). Other salaries and wages came to $97k. At year end it held assets of $282k against liabilities of $78k, net assets of $204k. It reported 4 employees.