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Third Way Center

Denver, CO · EIN 84-0599572 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

Third Way Center reported $22.0 million in revenue and $17.0 million in expenses for calendar year 2024. Of every $100 it spent, $83.24 went to program services, $14.70 to management and general costs and $2.06 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 95.2% of the total. The highest compensation it reported for one person was $253,744 (ASST MEDICAL DIRECTOR). 15 people received more than $100,000 in reportable compensation. Revenue rose 97% between 2019 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $17M

For context, the median across 864 covered mental health & crisis intervention charities: $86.13 programs, $13.87 management, $0.00 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 $22M

Other revenue was negative: −$136K. The bar shows the positive sources only.

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 864 covered charities in this category, from their latest filings.
Measure2024Median
Program services
Part IX 25(B) ÷ 25(A)
83.2%85.2%
Management & general
Part IX 25(C) ÷ 25(A)
14.7%13.7%
Fundraising
Part IX 25(D) ÷ 25(A)
2.1%0.0%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.42$0.00
Contributions & grants share of revenue
Part VIII 1h ÷ 12
3.8%26.4%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%14.5%
Program service revenue share
Part VIII 2g ÷ 12
95.2%69.3%
Highest reported compensation
Part VII-A, columns D–F
$253,744$324,111
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
1.49%1.28%
People paid over $100,000
Part VII, line 2
158
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
16.76.2
Independent voting board members
Part VI 1a–1b
9 of 12100.0%

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 expense
$11M expenses · 79.5% of program spending · revenue $18M

Treatment - provide room, board, support, guidance and counseling to minors assigned to Third Way Center by counties and private agencies

$2.9M expenses · 20.1% of program spending · revenue $3.2M

Education - provide an education program for the benefit of residents who cannot function in a standard public school system as an alternative means of continuing their education while receiving treatment

$51,604 expenses · 0.4% of program spending · revenue $52,027

Next steps program provides after emancipation assistance and supervision

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
ASST MEDICAL DIRECTOR
Highest compensated employee, 36.00 hrs/week
$229,026$0$24,718$253,744
MEDICAL DIRECTOR
Director/trustee, officer, 40.00 hrs/week
$236,137$0$8,185$244,322
EXECUTIVE DIRECTOR
Director/trustee, officer, 40.00 hrs/week
$220,097$0$16,573$236,670
ASST EXECUTIVE DIRECTOR
Director/trustee, officer, 40.00 hrs/week
$204,825$0$5,909$210,734
CLINICAL DIRECTOR
Highest compensated employee, 40.00 hrs/week
$150,011$0$5,847$155,858
ASST CLINICAL DIR-PRTF
Highest compensated employee, 40.00 hrs/week
$111,989$0$28,655$140,644
ASST CLINICAL DIR-COMMUNITY
Highest compensated employee, 40.00 hrs/week
$126,926$0$5,023$131,949
ASST CLINICAL DIRECTOR
Highest compensated employee, 40.00 hrs/week
$113,117$0$12,350$125,467

15 people received more than $100,000 in reportable compensation from Third Way Center (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, linked
RevenueExpenses
$0$10M$20M$30M$40M201920202021202220232024$22M$17M
FilingRevenueExpensesProgramsNet assetsTop pay
2024 ⓘ$22M$17M83.2%$24M$253,744
2023 ⓘ$20M$14M85.1%$19M$236,502
2022 ⓘ$16M$13M85.3%$13M$229,119
2021 ⓘ$13M$11M86.3%$10M$256,065
2020 ⓘ$13M$11M86.8%$8.8M$242,199
2019 ⓘ$11M$11M85.8%$7.3M$234,214

Governance 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–1b12 · 9 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 15aYes
  • Board given the 990 before filing Part VI 11aNo
  • Family or business ties among insiders Part VI 2Yes
  • 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 5225
  • Volunteers Part I, line 6101

Largest outside contractors

2024 · Form 990, Part VII, Section B · businesses only
ICONSTRUCTION LLC
Construction
$150,562

Individuals listed as contractors are left out. 1 contractors were paid more than $100,000 in all.

Private foundation grants it received

6 private foundations reported grants to Third Way Center totaling $35,357 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 Center'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 Center, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All mental health & crisis intervention charities · Largest charities in Colorado

Questions people ask

How much of Third Way Center's spending goes to programs?

In calendar year 2024, Third Way Center reported that 83.2% of its $17.0 million in expenses went to program services, 14.7% to management and general and 2.1% to fundraising (Form 990, Part IX).

How much does Third Way Center pay its top executive?

The largest total compensation Third Way Center reported for one person in calendar year 2024 was $253,744, for the role of ASST MEDICAL DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Third Way Center get its money?

Of $22.0 million in revenue in calendar year 2024, 3.8% came from contributions and grants and 95.2% from program service revenue (Form 990, Part VIII).

Is Third Way Center a registered charity?

The IRS lists EIN 84-0599572 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 202513149349304496 · read the filing · XML
  • 2023: Form 990 for calendar year 2023, object 202443189349307314 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202303189349300035 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202203199349304435 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202113199349328631 · read the filing
  • 2019: Form 990 for calendar year 2019, object 202003189349313215 · read the filing

All filings for EIN 84-0599572: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.