Third Future Schools-texas is a 501(c)(3) organization based in Aurora, Colorado, registered in 2020, with $51,349,168 in FY2023 revenue. CharityIndex grades it D.
Revenue (FY2023)
$51.3M
▲ 108.4% vs prior year
Education median: $200K
Expenses (FY2023)
$54.0M
Net assets
-$5.3M
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Third Future Schools-texas— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Third Future Schools-texas: 0 mo reserves · -5% margin earns a D on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Third Future Schools-texas— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Third Future Schools-texas: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $4.0M (FY2020) to $51.3M (FY2023) across 4 reported years.
Financial snapshot
Operating margin
-5.1%
Spent more than it raised in the latest fiscal year.
Total assets
$86.5M
Total liabilities
$91.8M
Net assets
-$5.3M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $51,349,168▲108% | $53,983,185▲109% | -$5,319,628▼98.1% | $86,489,848▲855% | 990 |
| 2022 | $24,644,724▲20.9% | $25,877,900▲17.7% | -$2,685,611▼84.9% | $9,056,239▲991% | 990 |
| 2021 | $20,385,190▲411% | $21,991,213▲453% | -$1,452,435▼10735% | $830,266▲1881% | 990 |
| 2020 | $3,991,053 | $3,977,396 | $13,657 | $41,913 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Data for Third Future Schools-texas (EIN 85-0974973) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.