Third Future Schools-Texas

Analysis

Third Future Schools-Texas is a registered charity in United States, based in Aurora, CO. It received its IRS tax-exemption ruling in September 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Third Future Schools-Texas reported income of $24.6m and spending of $25.9m, spending 105% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income grew from $4.0m to $24.6m (+517%), an average of +148% a year. The sharpest change came in the year to June 2022, when income rose by 411%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Third Future Schools-Texas sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CO. Charities of a similar size with the same main cause include New Meridian Corporation ($24.6m), Ethel Walker School Inc ($24.7m) and International Masonry Training and Education Foundation ($24.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Other salaries and wages came to $14.7m. At year end it held assets of $9.1m against liabilities of $11.7m, net assets of -$2.7m. It reported 220 employees.