Louisville Third Century Inc
Public records show a registered, tax-exempt organization in good standing.
Points to look into
- Only 45% of its spending went to programs.
- Raising each dollar of donations cost 2963 cents.
These come from the organization's own tax return. There may be a good explanation; ask the charity.
What it says it does
TO ACT AS A CATALYST FOR OTHER NON PROFIT ORGANIZATIONS BY PROVIDING FUNDS OR SERVICES ADDRESSING CIVIC, CULTURAL, AND EDUCATIONAL ISSUES AFFECTING THE QUALITY OF LIFE THROUGHOUT GREATER LOUISVILLE.
- Income
- $205,388
- Spending
- $211,885
- Spent on programs
- 45%
- Reserves
- 5.3 months of spending
- Largest source of income
- other income, 99%
- Employees
- 3
- Volunteers
- 20
- Highest pay
- $75,771, president
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Fair: 53 out of 100. Higher than 17% of charities in its peer group (recreation and sports, under $250k).
Reserves
20 of 35Spendable reserves would cover 5.3 months of spending.
Debt
20 of 20It owes 4% of what it owns.
Living within its means
8 of 15Spending exceeded income by 3% of income.
Income trend
5 of 15Income fell 17% on the year before.
Spending floor
0 of 1545% of spending went to programs and raising each dollar of donations cost 2963 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Fair: 67 out of 100. Higher than 73% of charities in its peer group (recreation and sports, under $250k).
Independent board
25 of 254 of 6 voting board members are independent.
Conflict of interest policy
0 of 15Reports no written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
0 of 5Reports no independent review process for its chief executive's pay.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $95,322 spent. IN JANUARY, A 10,000 DEPOSIT WAS PAID TOWARD A "PRESENTING SPONSORSHIP." L3C WAS ABLE TO FULFILL OUR MISSION AS A CATALYST IN SUPPORT OF OTHER NON- PROFITS. IN THE IMMEDIATE SMC REGINA'S CENTER, (FORMERLY ST. MARY'S CENTER) A REGIONAL RESOURCE DEDICATED TO SERVING ADULTS WITH MENTAL DISABILITIES. LOUISVILLE KOSAIR SHRINERS' ASSISTANCE PROGRAMS FOR DISABLED CHILDREN. ANGELS IN DISGUISE, A LOCAL CHAPTER WITH NATIONAL REACH IN SUPPORT OF FAMILIES WITH DOWN SYNDROME. ( OUR NEWEST, MOST HEART-WARMING RECIPIENT OF CATALYST FUNDING). WE LOOK FORWARD TO CONTINUING THESE ASSOCIATIONS FOR THE FORESEEABLE FUTURE. L3C HAS BEGUN THE WORK TO BRING BACK, THE LOUISVILLE DRAGONBOAT FESTIVAL AN UNFORTUNATE CASUALTY OF COVID TRAVEL RESTRICTIONS. DRAGONBOATING IS THE FASTEST GROWING WATERSPORT WORLDWIDE. THE 502 DRAGONBOAT CLUB, WHICH OWES ITS GENESIS TO OUR PRE-COVID FESTIVALS WILL CHAMPION LOUISVILLE IN THE REGION'S ONLY INTERSTATE, NATIONALLY SANCTIONED WATERSPORT COMPETITION. IN PAST YEARS TEAMS FROM 7 STATES AND CANADA VIED TO EARN PLACEMENT IN THE INTERNATIONAL AND U.S. DRAGON BOAT ASSOCIATION ANNUAL CHAMPIONSHIPS. LOUISVILLE THIRD CENTURY HAS MET WITH THE WAGNER GROUP TO REKINDLE OUR LONGSTANDING ASSOCIATION WITH THE CITY'S MAJOR FESTIVALS. LOUISVILLE THIRD CENTURY'S STEEPLE CHASE - A FAMILY-FOCUSED EVENT DESIGNED TO VISIT THE CITY'S DIVERSE COLLECTION OF CHURCHES AND SYNAGOGUES SHOWCASING THEIR TRADITIONAL HOLIDAY CELEBRATIONS, WHILE HIGHLIGHTING THEIR REMARKABLE ART AND ARCHITECTURE. A NOD TO LOCAL PHILANTHROPIST MARY BINGHAM'S CAMPAIGN TO "RE LIGHT" LOUISVILLE'S STEEPLES FOLLOWING THE BLACKOUTS OF WWII, THIS MULTIPLE NIGHT EVENT SEEMS A NATURAL FOR INCORPORATION INTO THE FOUR-WEEK LIGHT UP LOUISVILLE FESTIVAL. INITIATED BY PRESIDENT JONES AND THE EXECUTIVE DIRECTOR OF THE HOME BUILDERS' EXCHANGE, THIS MULTI-STATE RAFFLE WILL AWARD THE WINNER A COMPREHENSIVE KITCHEN RENOVATION, ENCOMPASSING ALL ASPECTS FROM FLOORING TO LIGHTING. THE PRIZE INCLUDES EXPERT DESIGN CONSULTATION AS WELL AS RECONSTRUCTION OF ELEMENTS SUCH AS CABINETRY, APPLIANCES, PLUMBING, COUNTERTOPS, PAINT, AND WALLPAPER. IT HAS BEEN PROPOSED THAT THE AWARD BE PRESENTED DURING LIGHT UP, PROVIDING A WONDERFUL WAY TO MARK THE SEASON OF GIVING. LOUISVILLE THIRD CENTURY FACED SIGNIFICANT CHALLENGES IN 2024, MANY OF WHICH MAY WELL CONTINUE INTO 2025. NEVERTHELESS, WE REMAIN DEDICATED TO OUR MISSION TO BE A CATALYST FOR GREATER ECONOMIC, CIVIC, EDUCATIONAL, AND CULTURAL OPPORTUNITIES ACROSS METRO LOUISVILLE IMPARTING OUTCOMES THAT WILL ENDURE FOR THE OVERALL QUALITY OF LIFE TO THE BENEFIT OF EVERYONE WHO WORKS, PLAYS, AND CALLS LOUISVILLE HOME. IN JANUARY, A 10,000 DEPOSIT WAS PAID TOWARD A "PRESENTING SPONSORSHIP." L3C WAS ABLE TO FULFILL OUR MISSION AS A CATALYST IN SUPPORT OF OTHER NON- PROFITS. IN THE IMMEDIATE SMC REGINA'S CENTER, (FORMERLY ST. MARY'S CENTER) A REGIONAL RESOURCE DEDICATED TO SERVING ADULTS WITH MENTAL DISABILITIES. LOUISVILLE KOSAIR SHRINERS' ASSISTANCE PROGRAMS FOR DISABLED CHILDREN. ANGELS IN DISGUISE, A LOCAL CHAPTER WITH NATIONAL REACH IN SUPPORT OF FAMILIES WITH DOWN SYNDROME. ( OUR NEWEST, MOST HEART-WARMING RECIPIENT OF CATALYST FUNDING). WE LOOK FORWARD TO CONTINUING THESE ASSOCIATIONS FOR THE FORESEEABLE FUTURE. L3C HAS BEGUN THE WORK TO BRING BACK, THE LOUISVILLE DRAGONBOAT FESTIVAL AN UNFORTUNATE CASUALTY OF COVID TRAVEL RESTRICTIONS. DRAGONBOATING IS THE FASTEST GROWING WATERSPORT WORLDWIDE. THE 502 DRAGONBOAT CLUB, WHICH OWES ITS GENESIS TO OUR PRE-COVID FESTIVALS WILL CHAMPION LOUISVILLE IN THE REGION'S ONLY INTERSTATE, NATIONALLY SANCTIONED WATERSPORT COMPETITION. IN PAST YEARS TEAMS FROM 7 STATES AND CANADA VIED TO EARN PLACEMENT IN THE INTERNATIONAL AND U.S. DRAGON BOAT ASSOCIATION ANNUAL CHAMPIONSHIPS. LOUISVILLE THIRD CENTURY HAS MET WITH THE WAGNER GROUP TO REKINDLE OUR LONGSTANDING ASSOCIATION WITH THE CITY'S MAJOR FESTIVALS. LOUISVILLE THIRD CENTURY'S STEEPLE CHASE - A FAMILY-FOCUSED EVENT DESIGNED TO VISIT THE CITY'S DIVERSE COLLECTION OF CHURCHES AND SYNAGOGUES SHOWCASING THEIR TRADITIONAL HOLIDAY CELEBRATIONS, WHILE HIGHLIGHTING THEIR REMARKABLE ART AND ARCHITECTURE. A NOD TO LOCAL PHILANTHROPIST MARY BINGHAM'S CAMPAIGN TO "RE LIGHT" LOUISVILLE'S STEEPLES FOLLOWING THE BLACKOUTS OF WWII, THIS MULTIPLE NIGHT EVENT SEEMS A NATURAL FOR INCORPORATION INTO THE FOUR-WEEK LIGHT UP LOUISVILLE FESTIVAL. INITIATED BY PRESIDENT JONES AND THE EXECUTIVE DIRECTOR OF THE HOME BUILDERS' EXCHANGE, THIS MULTI-STATE RAFFLE WILL AWARD THE WINNER A COMPREHENSIVE KITCHEN RENOVATION, ENCOMPASSING ALL ASPECTS FROM FLOORING TO LIGHTING. THE PRIZE INCLUDES EXPERT DESIGN CONSULTATION AS WELL AS RECONSTRUCTION OF ELEMENTS SUCH AS CABINETRY, APPLIANCES, PLUMBING, COUNTERTOPS, PAINT, AND WALLPAPER. IT HAS BEEN PROPOSED THAT THE AWARD BE PRESENTED DURING LIGHT UP, PROVIDING A WONDERFUL WAY TO MARK THE SEASON OF GIVING. LOUISVILLE THIRD CENTURY FACED SIGNIFICANT CHALLENGES IN 2024, MANY OF WHICH MAY WELL CONTINUE INTO 2025. NEVERTHELESS, WE REMAIN DEDICATED TO OUR MISSION TO BE A CATALYST FOR GREATER ECONOMIC, CIVIC, EDUCATIONAL, AND CULTURAL OPPORTUNITIES ACROSS METRO LOUISVILLE IMPARTING OUTCOMES THAT WILL ENDURE FOR THE OVERALL QUALITY OF LIFE TO THE BENEFIT OF EVERYONE WHO WORKS, PLAYS, AND CALLS LOUISVILLE HOME.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since July 1990.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.