Public Charity

THIRD OPTION FOUNDATION

Based in RESTON, VA, THIRD OPTION FOUNDATION operates as a Public Charity. The organization reported $12.8M in revenue, $6.6M in expenses, $41.5M in total assets for fiscal year 2024. Imperigo tracks 107 reported grant relationships connected to this organization totaling approximately $25.3M.

EIN: 464884866 RESTON, VA Latest filing: 2024
Total Revenue$12.8M
Total Expenses$6.6M
Total Assets$41.5M
Grant Records107
Funding Total$25.3M
Filing Years2020–2024

Mission

THE PURPOSE OF THE FOUNDATION IS TO PROVIDE SUPPORT TO THE FAMILIES OF GOVERNMENT EMPLOYEES WHO HAVE DIED OR BEEN SERIOUSLY INJURED IN THE SERVICE OF THEIR COUNTRY BUT WHOSE EMPLOYMENT STATUS PROHIBITS THEM FROM SEEKING ASSISTANCE FROM NORMAL GOVERNMENTAL SOURCES.

Officers & Directors

DIRECTOR Andrew Makridis
DIRECTOR Brian Carbaugh
DIRECTOR Grant Verstandig
DIRECTOR James R Matthews
TREASURER Jay Goffman
DIRECTOR John Burnham

Officer compensation and complete director data available with membership.

Top Grant Purposes

For grant recipient's exempt purposes
$9,950,352 9 grants
THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT.
$4,000,000 4 grants
HUMAN SERVICES
$3,873,331 19 grants
IN FURTHERANCE OF GRANTEE'S TAX-EXEMPT PURPOSE
$1,209,266 2 grants
THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. NO BENEFITS TO BE RECEIVED FROM THIS GRANT.
$1,000,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $12.8M $6.6M $41.5M
2023 $9.1M $6.4M $34.6M
2022 $12.6M $4.8M $31.2M
2021 $12.3M $4.5M $24.9M
2020 $1.8M $3.2M $16.1M

Between 2020 and 2024, reported annual revenue grew from $1.8M to $12.8M (+623%), with total assets most recently reported at $41.5M.

Interactive year-over-year charts and full filing details available with membership.

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