Third Stone
EIN: 881217817 · Seattle, WA · NTEE: B90
| Metric | Value |
|---|---|
| Total Revenue | $5.8M |
| Total Expenses | $6.9M |
| Net Assets | $772K |
Is Third Stone Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Third Stone
Third Stone (EIN: 881217817) is a nonprofit organization based in Seattle, WA, classified under NTEE code B90. The organization reported total revenue of $5.8M and total assets of $435K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Third Stone's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Third Stone is a mid-size nonprofit that has been operating for 4 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 227.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.4M |
| Total Expenses | $6.9M |
| Surplus / Deficit | $-520,534 |
| Total Assets | $828K |
| Total Liabilities | $56K |
| Net Assets | $772K |
| Operating Margin | -8.2% |
| Debt-to-Asset Ratio | 6.7% |
| Months of Reserves | 1.4 months |
Financial Health Grade: C
In 2023, Third Stone reported a deficit of $521K with expenses exceeding revenue, holds 1.4 months of operating reserves (limited), has a debt-to-asset ratio of 6.7% (very low leverage).
Financial Trends
Over 2 years of filings (2022–2023), Third Stone's revenue has grown at a compound annual growth rate (CAGR) of 227.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +227.5% | +954.8% | -36.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Third Stone has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Third Stone with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $521K, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.7%.
Frequently Asked Questions about Third Stone
Is Third Stone a legitimate charity?
Based on AI analysis of IRS 990 filings, Third Stone (EIN: 881217817) insufficient data. 0 red flags identified, 0 strengths noted.
How does Third Stone spend its money?
Detailed spending breakdown data is not yet available for Third Stone. Check back for updated IRS 990 analysis.
Are donations to Third Stone tax-deductible?
Third Stone is registered as a tax-exempt nonprofit (EIN: 881217817). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Third Stone located?
Third Stone is headquartered in Seattle, Washington and files with the IRS under EIN 881217817. It is classified under NTEE code B90.
How many years of IRS 990 filings does Third Stone have?
Third Stone has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $5.8M in total revenue.
Filing History
IRS 990 filing history for Third Stone showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Third Stone's revenue has grown by 227.5%, moving from $1.9M to $6.4M. Total assets decreased by 36.7% over the same period, from $1.3M to $828K. Total functional expenses rose by 954.8%, from $654K to $6.9M. In its most recent filing year (2023), Third Stone reported a deficit of $521K, with expenses exceeding revenue. The organization holds $56K in liabilities against $828K in assets (debt-to-asset ratio: 6.7%), resulting in net assets of $772K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.4M | $6.9M | $828K | $56K | — | — |
| 2022 | $1.9M | $654K | $1.3M | $15K | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Third Stone:
Data Sources and Methodology
This transparency report for Third Stone is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.