3rd Person INC EIN 27-5427291 Form 990 (PDF) Claim this org

3rd Person INC

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Empowers communities and alleviates poverty in the Middle East. For fiscal year 2024 it reported $397K in revenue, $552K in expenses, and $179K in net assets.Pt I

Type
Public charity (501(c)(3)) · International
Location
Noblesville, IN
Website
www.3rdpersoninc.org
Filings
5 on file (2020–2024)
Revenue
$397KFY2024
Expenses
$552K
Net assets
$179K
People
7
Filings
5
Updates
0
More identity details & actions ⌄
EIN  27-5427291 Public charity (501(c)(3)) Noblesville, IN
Form 990 (PDF)
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Size
$100K–1M
What they do
Empowers communities and alleviates poverty in the Middle East.
Leadership
Dan Kandel · Director
Money in and out
$397K revenue, $552K expenses
Bottom line
59% program efficiency
Where the money goes · FY2024
Total revenue
$397K
Pt VIII · Ln 12
Total expenses
$552K
Pt IX · Ln 25
Net assets
$179K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$155K
Where spending went · Part IX cols B–D
Program services $0.59 Management & general $0.34 Fundraising $0.07
Program efficiency
59%
of spending reaches programs▼ -16% vs prior filing year
Operating runway
5.1mo
months of highly liquid reserves at operating expense rate▼ -11% vs prior filing year
Surplus margin
-39%
revenue over expenses, this year▼ -578% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$397K
FY2024▼ -50%
Expenses
$552K
FY2024▼ -25%
Total assets
$179K
FY2024▼ -46%
Total liabilities
$0
FY2024
Total revenue
$397K
Pt VIII · Ln 12
Total expenses
$552K
Pt IX · Ln 25
Net assets
$179K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$155K
Total assetsPt X · Ln 16$179K
Program-expense ratioPt IX · col B59%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item C3rd Person INC
EINHdr · item D27-5427291
Principal addressHdr · item CNoblesville, IN
WebsiteHdr · item Jwww.3rdpersoninc.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFInternational (Q33)
Ruling yearIRS BMFMay 2013

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
Chairman/Treasurer
$0Pt VII · Sec A

Jason Kandel’s $6K as Chairman/Treasurer is at the 4th percentile of top reported officer pay among 1638 $100K–1M international nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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Mission & Programs · Part III

Where the work happens

3 program services account for $285K of program spending, described in the organization's own filed words · FY2024.
01

3rd Person Inc provided aid and relief to over 350 refugees in Jordan, Lebanon, and Egypt. These efforts are designed to provide relief and aid in the short-term as employment and other income-producing opportunities are limited. In the long term, these efforts are geared towards development.

$165Kprogram expense
02

3rd Person Inc undertook several sports & health development projects through 2024. Under the direction of key national leaders and volunteer staff, the team engaged in training 175 clients (including youth) in impoverished communities throughout the region .

$88Kprogram expense
03

3rd Person engaged in programming specifically designed for women. 60 women participated in regular weekly exercise classes as well as weekly self-image classes provided by national leaders and volunteers.

$33Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$386K · 97%
Program service revenue$11K · 3%
Contributions & grants97%$386K
Program service revenue3%$11K
Total revenueLn 12$397K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.59 Management & general $0.34 Fundraising $0.07
Program services59%$325K
Management & general34%$187K
Fundraising7%$40K
Total functional expensesLn 25$552K

Balance Sheet

Part X · end of year
CashLn 1$167K
Total assetsLn 16$179K
Total liabilitiesLn 26$0
Total net assetsLn 32$179K
Months of cash on handcomputed3.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $167K · Operating expenses (Pt IX) $552K · Less non-cash grants $160K · Cash operating expenses/yr $392K
5.1 months
Where the money goes
Program services
Program services $325K · Total expenses $552K
59%
Management & General
Management & general $187K · Total expenses $552K
34%
Fundraising
Fundraising $40K · Total expenses $552K
7%
Cost to raise $1
Fundraising expense (3-yr avg) $39K · Solicited contributions (3-yr avg) $609K
$0.06 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $386K · Total revenue $397K
97%
Government reliance
Government grants $0 · Total revenue $397K
0%
Earned-income share
Program service revenue $11K · Total revenue $397K
3%
Investment reliance
Investment income $0 · Total revenue $397K
0%
Program self-sufficiency
Program service revenue $11K · Total expenses $552K
2%
Growth & trend
Revenue growth (YoY)
This year $397K · Prior year $799K
-50%
Revenue CAGR
FY2020 $225K · FY2024 $397K
+15%
Net-asset trend (YoY)
End of year $179K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $397K · Expenses $552K
-39%
Liabilities-to-Assets
Total liabilities — · Total assets $179K
Net-asset ratio
Net assets $179K · Total assets $179K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $179K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Dan Kandel · Reported title Director · Highest reported compensation $0 · Total expenses $552K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $10K · Total expenses $552K
2%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 59%
Overhead ratio 34%
Fundraising cost ratio 10%
Revenue growth -50%
Investment management fee ratio 0%
Legal fee ratio 0.6%
Accounting fee ratio 0.6%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 3 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$397K revenue · viewing · ⤓ 990 PDF
FY2023$799K revenue · ⤓ 990 PDF
FY2022$658K revenue · ⤓ 990 PDF
FY2021$742K revenue · ⤓ 990 PDF
FY2020$225K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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