Friends of Third Place Commons

Analysis

Friends of Third Place Commons is a registered charity in United States, based in Kenmore, WA. It received its IRS tax-exemption ruling in September 2000, 26 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 (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, Friends of Third Place Commons reported income of $216k and spending of $218k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $237k to $216k (-8.8%), an average of -2.3% a year. The sharpest change came in the year to December 2022, when income rose by 34%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Friends of Third Place Commons sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within WA. Charities of a similar size with the same main cause include Rams Boosters Club Inc ($216k), Oak Grove Athletic Association Inc ($216k) and Jr Dukes Basketball Inc ($216k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% of the total. Other salaries and wages came to $95k. At year end it held assets of $265k against liabilities of $10k, net assets of $255k. It reported 2 employees.