Third Stone

Analysis

Third Stone is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in November 2022, 4 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 Stone reported income of $6.4m and spending of $6.9m, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $1.9m to $6.4m (+227%), an average of +228% a year. The sharpest change came in the year to December 2023, when income rose by 227%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Third Stone sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within WA. Charities of a similar size with the same main cause include Henry Johnson Charter School ($6.4m), South Carolina School Boards Association ($6.4m) and Massachusetts School of Law at Andover ($6.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $130k (1.9% of expenses). Other salaries and wages came to $404k. At year end it held assets of $828k against liabilities of $56k, net assets of $772k. It reported 218 employees.