Third Future Schools
Public records show a registered, tax-exempt organization in good standing.
Points to look into
- It owes more than it owns.
These come from the organization's own tax return. There may be a good explanation; ask the charity.
What it says it does
THE CHARTER SCHOOL IS A MODEL FOR THE NEXT GENERATION OF SCHOOLS, WORKING TO PREPARE STUDENTS, ESPECIALLY POOR AND MINORITY STUDENTS, FOR THE WORKPLACE AND COLLEGE. A TEAM OF DEDICATED TEACHERS AND LEADERS, WORKING IN A HIGH PERFORMANCE AND (CONTINUED ON SCHEDULE O) CARING CULTURE, MAINTAIN AN INTENSE FOCUS ON ACADEMIC ACHIEVEMENT AND PERFORMANCE OUTCOMES. STUDENTS FIND SUCCESS AND ARE ENGAGED THROUGH PERSONAL LEARNING, WHICH ALLOWS STUDENTS TO WORK AT THEIR OWN PACE AND LEARN IN A WAY MORE SUITED TO THEIR STRENGHTS. THIRD FUTURE SCHOOLS HOLDS HIGH EXPECTATIONS FOR STUDENTS AND STAFF AND BELIEVES THAT EVERYONE CAN CREATE THEIR OWN FUTURE.
- Income
- $25.1 million
- Spending
- $22.3 million
- Spent on programs
- 92%
- Reserves
- -12.7 months of spending
- Largest source of income
- government grants, 91%
- Employees
- 199
- Volunteers
- 0
- Highest pay
- $343,247, superintendent
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Weak: 35 out of 100. Higher than 7% of charities in its peer group (education, $10m to $100m).
Reserves
0 of 35Spendable reserves are negative: it owes or has committed more than it holds.
Debt
0 of 20It owes 192% of what it owns.
Living within its means
15 of 15Income exceeded spending by 11% of income.
Income trend
5 of 15Income fell 12% on the year before.
Spending floor
15 of 1592% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 95 out of 100. Higher than 44% of charities in its peer group (education, $10m to $100m).
Independent board
25 of 255 of 5 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a 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.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending June 30, 2025, 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)
- $20.4 million spent. A TEAM OF DEDICATED TEACHERS AND LEADERS, WORKING IN A HIGH PERFORMANCE AND CARING CULTURE, MAINTAIN AN INTENSE FOCUS ON ACADEMIC ACHIEVEMENT AND PERFORMANCE OUTCOMES. STUDENTS FIND SUCCESS AND ARE ENGAGED THROUGH PERSONAL LEARNING, WHICH ALLOWS STUDENTS TO WORK AT THEIR OWN PACE AND LEARN IN A WAY MORE SUITED TO THEIR STRENGTHS. THIRD FUTURE SCHOOLS HOLDS HIGH EXPECTATIONS FOR STUDENTS AND STAFF AND BELEIVES THAT EVERYONE CAN CREATE THEIR OWN FUTURE.
Source: Form 990 for the year ending June 30, 2025, 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 October 13, 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 June 2025.
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 November 2016.
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 October 21, 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.