Third Space Chicago
Nonprofit profile at a glance
- EIN
- 811081693
- IRS 990-EZ coverage
- 2021–2025
- Forms available
- Form 990-EZ 2025
- Location
- Chicago, IL, USA
- Phone
- 7732812655
- Rating
- 73
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Public, Society Benefit N.E.C.
Reported finances
- Revenue
- $114,404
- Expenses
- $114,324
- Assets
- $53,294
- Liabilities
- $48,631
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- Anne Blanton (President)
People named in this filing
- Anne Blanton (President)
- Robin Stahl (Treasurer)
- Ashley McFaul-Erwin (Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
THIRD SPACE is a community space in the heart of Chicagos Lakeview neighborhood where people can gather, learn, and form meaningful relationships. Our mission for Third Space is to leverage our strong relationships with underserved community segments and focus on increasing important services to support their needs and enhance the quality of life. Currently our focus is on our programs dedicated to community Seniors to counter isolationism and help provide personal connections to aid in addressing mental health issues that are common as we age, especially for those who live alone. A secondary goal to help meet a local need for affordable and accessible rehearsal and performance space within the local arts community by nurturing our partnerships with small community theater, comedy, and music groups.
What it reported doing in 2025
Documentary Thursdays resumed in early 2025 under the leadership of Eric Diekhans who gracefully contributed his film knowledge and contacts in the industry so that we were able to host free screenings for eight different documentaries. Each touched on a current topic relative to our community and included a question and answer session with the films producer or other expert on the topic that allowed for engagement with the audience and great conversation. Films ranged from serious topics like minimum wage and immigration challenges to more light-hearted subjects like the Wisconsin cheese industry and the mail-order moguls of Chicago.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 52
- Transparency & Controls: 100
- Sustainability: 33
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 51.6%; rating input score 52
- Program expense ratio: 51.7%; rating input score 52
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 0.1%; rating input score 31; 31st percentile among comparable filings
- Total-asset coverage ratio: 0.47; rating input score 36; 36th percentile among comparable filings
- Liabilities to assets ratio: 0.91; rating input score 5; 5th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 25.6% per year; rating input score 100; 79th percentile among comparable filings
- Revenue growth: 28.6% per year; rating input score 100; 89th percentile among comparable filings
- Asset growth: 34.7% per year; rating input score 100; 88th percentile among comparable filings
Details
- Where the money goes: 51.6% of revenue deployed · 51.7% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $59K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Filing history: 5 filing years from 2021 to 2025
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 52/100.
- Review — Financial Efficiency: Program expense ratio scored 52/100.
- Moderate — Sustainability: Operating margin scored 31/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 36/100.
- High — Sustainability: Liabilities to assets ratio scored 5/100.