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 113 reported grant relationships connected to this organization totaling approximately $26.0M.

EIN: 464884866 RESTON, VA Human Services N.E.C. NTEE: P99 Latest filing: 2024
Total Revenue$12.8M
Total Expenses$6.6M
Total Assets$41.5M
Grant Records113
Funding Total$26.0M
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.

Where $100 goes at Third Option Foundation

How Third Option Foundation divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.

$79 Programs the work itself
$14 Management running the organization
$7 Fundraising raising the next dollar

Inside the $79 for programs

$61
Medical and resiliency program
78% of program spending
$12
Survivorship program
15% of program spending
$6
Transition program
7% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

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

General Support
$18,811,747 68 grants
Human & Social Services
$4,920,664 29 grants
Education
$1,056,000 5 grants
Health & Medicine
$123,300 4 grants
Unspecified
$1,121,143 6 grants

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.

See the full picture for THIRD OPTION FOUNDATION

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