Third Ladder

Analysis

Third Ladder is a registered charity in United States, based in Alpharetta, GA. It received its IRS tax-exemption ruling in November 2021, 5 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Ladder reported income of $488k and spending of $476k, spending 98% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $215k to $488k (+127%), an average of +51% a year. The sharpest change came in the year to December 2022, when income rose by 79%. Over the whole period it spent 89% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Third Ladder sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 74th percentile within GA. Charities of a similar size with the same main cause include Henry Mize Charitable Foundation Inc ($488k), Fund for the Virginia Organizing Project Inc ($488k) and Impact 100 Inc ($488k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 5.4% of the total. Compensation of current officers, directors and key employees was $64k (13% of expenses). Other salaries and wages came to $136k. At year end it held assets of $127k against liabilities of $798, net assets of $126k. It reported 7 employees.