Charity Search / THIRD PLACE INC
Community Improvement (S21) 990 on File

THIRD PLACE INC

EIN: 85-1276426 · PORTLAND, ME 04101-3188 · United States · FY 2024 Data
2 out of 5 31 / 100 Based on 2+ years of filings
Financial strength (30%) 47/100
Reliability (20%) 45/100
Effectiveness (25%) 31/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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Financial Overview — FY 2024
$182K
Total Revenue
$174K
Total Expenses
$110K
Net Assets
N/A
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 42.8%
Fundraising Efficiency N/A
Operating Reserve 7.55x
Liability-to-Asset 2.8%
Revenue Diversification 87.2%
Compared with Peers
FY 2024
Compared with 4,298 similar organizations (United States, Community Improvement, $100K–$1M in expenses), FY 2024.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
42.8% 83.7%
P10P90
Bottom quarter
Operating reserve
Months of expenses covered by net assets · higher is better
7.6 mo 11.2 mo
P10P90
Below median
Liabilities to assets
Total liabilities / total assets · lower is better
2.8% 3.1%
P10P90
Above median
Revenue concentration
Share of revenue from the largest source · lower is better
87.2% 92.1%
P10P90
Above median
Revenue growth
Year over year revenue growth
-4.8% 7.1%
P10P90
Expense growth
Year over year expense growth
21.6% 9.1%
P10P90
Surplus margin
Surplus as a share of revenue
4.5% 2.9%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $182K $174K $110K 42.8% —
2023 $191K $143K $101K 61.4% —
2022 $65K $84K $53K 88.6% —
2021 $149K $14K N/A — 1
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Organization Details
EIN
85-1276426
State
ME
City
PORTLAND
ZIP
04101-3188
Classification
S21
Category
Community Improvement
Rating
2★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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