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Filing year 2024

THIRD ACT INITIATIVE INC

Nassau, New York·EIN 88-0776955·4
Total revenue
$1.6M
Total assets
$282k
Total expenses
$1.5M
Reported officers
6
Mission

TO BUILD A COMMUNITY OF AMERICANS OVER THE AGE OF SIXTY DETERMINED TO CHANGE THE WORLD FOR THE BETTER.

Executive compensation, broken down

Form 990 · Schedule J · 3 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Chief Executive Officer
Median to 75th percentile
$163k
$175k
Base
$163k
Bonus
Other
Benefits
President
Median to 75th percentile
$162k
$175k
Base
$162k
Bonus
Other
Benefits
Creative Director
Highest Compensated Employee
10th to 25th percentile
$107k
$116k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 3 unpaid individuals.

Climbed 88%
over 2 years

From $86k in 2022 to $163k in 2024.

$86k
2022
$134k
2023
$163k
2024
In today's dollarsEst.
Up 76% in real terms$100k to $175k

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 88% from 2022 to 2024, while revenue rose 74%.

$86k in 2022 to $163k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

THIRD ACT INITIATIVE INC reported revenue and expenses across 3 filing years.

RevenueExpenses
$896k
$731k
2022
$2M
$1.9M
2023
$1.6M
$1.5M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about THIRD ACT INITIATIVE INC

What does the Chief Executive Officer of THIRD ACT INITIATIVE INC earn?

In 2024, the Chief Executive Officer of THIRD ACT INITIATIVE INC received $162,500 in total compensation. This pay is above the median (the midpoint) for Chief Executive Officer roles among nonprofits nationwide, across all sectors, within the top half of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at THIRD ACT INITIATIVE INC compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at THIRD ACT INITIATIVE INC falls between the median and the 75th percentile.

What are THIRD ACT INITIATIVE INC's revenue and expenses?

In 2024, THIRD ACT INITIATIVE INC reported $1.6M in total revenue and $1.5M in total expenses on its IRS Form 990.

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