Third Future Schools
Third Future Schools reported $25.1 million in revenue and $22.3 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $91.53 went to program services, $8.47 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 91.1% of the total. Government grants made up 91.0%. The highest compensation it reported for one person was $343,247 (SUPERINTENDENT). 8 people received more than $100,000 in reportable compensation. Revenue rose 66% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $22MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $25MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 91.5% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 8.5% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 91.1% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 91.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 8.2% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $343,247 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.54% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 8 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | -10.6 | 13.3 |
| Independent voting board members Part VI 1a–1b | 5 of 5 | 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
FY2025 · Form 990, Part III · the three largest programs by expenseA team of dedicated teachers and leaders, working in a high performance and caring culture, maintain an intense focus on academic achievement and performance outcomes. Students find success and are engaged through personal learning, which allows students to work at their own pace and learn in a way more suited to their strengths. Third Future Schools holds high expectations for students and staff and beleives that everyone can create their own future
Highest reported compensation
FY2025 · 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 |
|---|---|---|---|---|
| SUPERINTENDENT Officer, 40.00 hrs/week | $253,757 | $0 | $89,490 | $343,247 |
| CHIEF OF STAFF Officer, 40.00 hrs/week | $214,400 | $0 | $50,308 | $264,708 |
| DEPUTY CHIEF OF INSTRUCTION Highest compensated employee, 40.00 hrs/week | $204,400 | $0 | $48,210 | $252,610 |
| DIRECTOR OF FINANCE Officer, 40.00 hrs/week | $138,973 | $0 | $37,073 | $176,046 |
| DIRECTOR OF COMMUNICATIONS Highest compensated employee, 40.00 hrs/week | $134,295 | $0 | $37,440 | $171,735 |
| DIRECTOR OF INSTRUCTION Highest compensated employee, 40.00 hrs/week | $148,410 | $0 | $14,702 | $163,112 |
| DIRECTOR OF SPECIAL PROGRAMS Officer, 40.00 hrs/week | $152,500 | $0 | $7,490 | $159,990 |
| DIRECTOR OF OPERATIONS Officer, 40.00 hrs/week | $131,900 | $0 | $14,011 | $145,911 |
8 people received more than $100,000 in reportable compensation from Third Future Schools (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.0M (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
FY2025 · 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–1b5 · 5 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 4No
- 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 5199
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| RESURRECTION TOURS Student travel | $108,048 |
Individuals listed as contractors are left out. 1 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Third Future Schools'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 Future Schools, you can publish a response that is linked from this page.
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Of every $100 Third Future Schools spent in FY2025, $91.53 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- National Congress of Parents & TeachersAlexandria, VA · revenue $25M · programs 83.3% · FY2025
- Phillips ProgramsAnnandale, VA · revenue $25M · programs 87.0% · FY2025
- Tree of Knowledge Learning AcademyMiami Beach, FL · revenue $25M · programs 99.1% · FY2025
- The Faison CenterRichmond, VA · revenue $25M · programs 89.6% · FY2025
- Excel Academy Charter SchoolsIrvine, CA · revenue $25M · programs 90.1% · FY2025
Questions people ask
How much of Third Future Schools's spending goes to programs?
In the fiscal year ending June 30, 2025, Third Future Schools reported that 91.5% of its $22.3 million in expenses went to program services, 8.5% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Third Future Schools pay its top executive?
The largest total compensation Third Future Schools reported for one person in the fiscal year ending June 30, 2025 was $343,247, for the role of SUPERINTENDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Third Future Schools get its money?
Of $25.1 million in revenue in the fiscal year ending June 30, 2025, 91.1% came from contributions and grants (including 91.0% from government grants) and 8.2% from program service revenue (Form 990, Part VIII).
Is Third Future Schools a registered charity?
The IRS lists EIN 81-2937922 as a 501(c)(3) organization (school), 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
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202631689349301578 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202423539349301322 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202400469349302290 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202300129349300125 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202113199349306226 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202112009349301156 · read the filing
All filings for EIN 81-2937922: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.