Third Serve Inc

Analysis

Third Serve Inc is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in November 2021, 5 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Third Serve Inc reported income of $160k and spending of $172k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $139k to $160k (+15%), an average of +15% a year. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Third Serve Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 54th percentile within SC. Charities of a similar size with the same main cause include Bowie Boys Lacrosse Association ($160k), Beaver Dam Wrestling Regional Training Center ($160k) and South Gwinnett Athletic Association Inc ($160k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $61k against liabilities of $0, net assets of $61k.