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Third Way Institute
Third Way Institute reported $19.3 million in revenue and $22.3 million in expenses for calendar year 2024. Of every $100 it spent, $99.02 went to program services, $0.95 to management and general costs and $0.03 to fundraising. Its largest source of revenue was contributions and grants: 90.4% of the total. The highest compensation it reported for one person was $454,588 (PRESIDENT). Revenue rose 59% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $22MFor context, the median across 132 covered civil rights, social action & advocacy charities: $84.11 programs, $11.40 management, $4.49 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $19MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 99.0% | 82.1% |
| Management & general Part IX 25(C) ÷ 25(A) | 1.0% | 11.1% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 4.4% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.05 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 90.4% | 94.9% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 0.3% |
| Highest reported compensation Part VII-A, columns D–F | $454,588 | $321,771 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.04% | 1.81% |
| People paid over $100,000 Part VII, line 2 | 0 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 7.2 | 10.5 |
| Independent voting board members Part VI 1a–1b | 4 of 6 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseThird Way Institute supports the development of educational materials and events on the policy challenges faced by america, focusing on a wide variety of policy issues.climate and energyin 2024, Third Way's climate and energy program helped solidify the united states' position as a global leader in clean energy innovation and deployment. Third Way focused their efforts on addressing deployment challenges, clarifying the economic and national security benefits of clean energy, and supporting strategies that accelerate progress. Third Way's work centered on three priorities: 1) equipping…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT Director/trustee, officer, 4.00 hrs/week | $0 | $413,118 | $41,470 | $454,588 |
| SECRETARY Officer, 2.00 hrs/week | $0 | $379,453 | $41,140 | $420,593 |
| BOARD TREASURER Director/trustee, officer, 2.00 hrs/week | $0 | $181,205 | $7,215 | $188,420 |
0 people received more than $100,000 in reportable compensation from Third Way Institute (Part VII, line 2). Compensation of current officers, directors and key employees totaled $89,960 (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b6 · 4 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 50
- Volunteers Part I, line 64
Private foundation grants it received
24 private foundations reported grants to Third Way Institute totaling $5.5M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Third Way Institute's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Third Way Institute, you can publish a response that is linked from this page.
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Of every $100 Third Way Institute spent in 2024, $99.02 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- State VoicesWashington, DC · revenue $19M · programs 81.0% · 2024
- Oneten CoalitionMontclair, NJ · revenue $20M · programs 76.4% · 2024
- Catholic Legal Immigration NetworkSilver Spring, MD · revenue $19M · programs 86.4% · 2025
- Nextgen Education FundSan Francisco, CA · revenue $20M · programs 94.1% · 2024
- The Asian American FoundationWashington, DC · revenue $19M · programs 84.3% · 2024
All civil rights, social action & advocacy charities · Largest charities in District of Columbia
Questions people ask
How much of Third Way Institute's spending goes to programs?
In calendar year 2024, Third Way Institute reported that 99.0% of its $22.3 million in expenses went to program services, 1.0% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Third Way Institute pay its top executive?
The largest total compensation Third Way Institute reported for one person in calendar year 2024 was $454,588, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Third Way Institute get its money?
Of $19.3 million in revenue in calendar year 2024, 90.4% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is Third Way Institute a registered charity?
The IRS lists EIN 26-0535276 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202543159349301669 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202401309349302170 · read the filing
- 2022: Form 990 for calendar year 2022, object 202341359349302979 · read the filing
- 2021: Form 990 for calendar year 2021, object 202211319349300036 · read the filing
- 2020: Form 990 for calendar year 2020, object 202101319349300845 · read the filing
- 2019: Form 990 for calendar year 2019, object 202021839349302062 · read the filing
All filings for EIN 26-0535276: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.