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THIRD WAY INSTITUTE

EIN 26-0535276 WASHINGTON, DC

Revenue 2024
$19,278,889
Expenses 2024
$22,331,511

Program services were 99.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
R05
Classification
1000
Street
1025 CONNECTICUT AVE NW STE 400

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • JONATHAN COWAN

    PRESIDENT

    Total calculated
    $454,588
    From this org
    $0
    From related orgs
    $413,118
    Other
    $41,470
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $413,118 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $13,800 related
    Nontaxable benefits
    $0 + $27,670 related
    Filer's total
    $0 + $454,588 related

  • DAVID HELLER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • JACQUIE LAWING EBERT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • THURGOOD MARSHALL JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • ROGAN KERSH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • STEVE J DIETERLE CFO

    BOARD TREASURER

    Total calculated
    $188,420
    From this org
    $0
    From related orgs
    $181,205
    Other
    $7,215
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $181,205 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,215 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $188,420 related

  • MATTHEW BENNETT

    SECRETARY

    Total calculated
    $420,593
    From this org
    $0
    From related orgs
    $379,453
    Other
    $41,140
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $379,453 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $13,800 related
    Nontaxable benefits
    $0 + $27,340 related
    Filer's total
    $0 + $420,593 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $19,278,889
    Expenses
    $22,331,511
    Contributions
    $17,431,767
    Grants paid
    $21,902,000
  • 2023
    Revenue
    $18,435,203
    Expenses
    $20,439,102
    Contributions
    $17,689,532
    Grants paid
    $19,809,000
  • 2022
    Revenue
    $16,673,694
    Expenses
    $18,624,669
    Contributions
    $16,423,854
    Grants paid
    $18,088,982

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Grants made

  • THIRD WAY

    $21,902,000

    2024 SUPPORT CHARITABLE AND EDUCATIONAL ACTIVITIES RELATED TO ECONOMIC, NATIONAL SECURITY, ENERGY AND SOCIAL POLICY ISSUES AND PROVIDE INSIGHT INTO THE BELIEFS AND POLICY PREFERENCES OF SELF-IDENTIFIED MODERATES.

  • THIRD WAY

    $19,809,000

    2023 SUPPORT CHARITABLE AND EDUCATIONAL ACTIVITIES RELATED TO ECONOMIC, NATIONAL SECURITY, ENERGY AND SOCIAL POLICY ISSUES AND PROVIDE INSIGHT INTO THE BELIEFS AND POLICY PREFERENCES OF SELF-IDENTIFIED MODERATES.

  • THIRD WAY

    $18,088,982

    2022 SUPPORT CHARITABLE AND EDUCATIONAL ACTIVITIES RELATED TO ECONOMIC, NATIONAL SECURITY, ENERGY AND SOCIAL POLICY ISSUES AND PROVIDE INSIGHT INTO THE BELIEFS AND POLICY PREFERENCES OF SELF-IDENTIFIED MODERATES.

Where these grants went next →

Grants received

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2024 return

  • THIRD WAY

    501(C)(4) · TO RESEARCH AND DEVELOP CENTRIST POLICY IDEAS. · DC

Declared as related by

  • THIRD WAY

    On its 2024 return as a controlled entity

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 10 September 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.