Third Space Foundation

Analysis

Third Space Foundation is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in August 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Space Foundation reported income of $1.4m and spending of $785k, leaving 45% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $92k to $1.4m (+1451%), an average of +1451% a year. The sharpest change came in the year to December 2023, when income rose by 1451%. Over the whole period it spent 56% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Third Space Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within OK. Charities of a similar size with the same main cause include Kanawha Institute for Social Research & Action Inc ($1.4m), Mills Montessori School ($1.4m) and Latino Educational Training Institute ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.5% of the total. Other salaries and wages came to $300k. At year end it held assets of $707k against liabilities of $42k, net assets of $665k. It reported 7 employees.