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Oregon · Nonprofit

THIRD RAIL REPERTORY THEATRE

THIRD RAIL REPERTORY THEATRE (Oregon) receives grants from 13 organizations whose IRS filings report $1,223,563 to it, the largest being THE OREGON COMMUNITY FOUNDATION ($347,822). 9 of them have funded it in more than one year.

Revenue FY2025
$535k
Funders on record
13
Grants received
$1.2M
Net assets
$58k
9/13 repeat funderspeak grant-dependency 41%
01What it does

What Third Rail Repertory Theatre does

Mission

The mission of Third Rail Repertory Theatre is to provide a dynamic artistic home for theatre audiences in portland by fostering a professional local company, which, through collaboration and discipline, brings to life exceptional stories that provoke dialogue, encourage empathy, and inspire curiosity.

As stated on its FY2025 Form 990.

Program

  1. Typically, third rail offers three live main stage productions, seventeen live-captured high-definition broadcasts from londons national theatre, a no-cost mentorship program for early career actors, designers, and stage managers, and holds a series of readings and salons for local artists and audiences. Third rail uses a variety of special promotions and price discounts to make tickets available to everyone in our community, and offers a membership program in which, for a fee, a member may attend any and all of the programming offered with unlimited frequency. Third rail employs approximately 100 actors, artists, designers, and technicians annually and serves approximately 14,000 patrons every season.

    $441,519 spent$154,744 earned by the program
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $441,519.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($613k) Expenses 100 ($646k) Net assets -101 ($-88525)2018 Revenue 99 ($607k) Expenses 82 ($533k) Net assets -17 ($-14887)2019 Revenue 75 ($461k) Expenses 71 ($457k) Net assets -12 ($-10774)2020 Revenue 88 ($538k) Expenses 68 ($439k) Net assets 100 ($88k)2021 Revenue 58 ($358k) Expenses 43 ($275k) Net assets 194 ($171k)2023 Revenue 93 ($570k) Expenses 105 ($679k) Net assets 87 ($76k)2024 Revenue 86 ($527k) Expenses 84 ($546k) Net assets 65 ($57k)2025 Revenue 87 ($535k) Expenses 83 ($533k) Net assets 66 ($58k)
'17'18'19'20'21'23'24'25
Revenue (87)Expenses (83)Net assets (66)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2019 to 2020, from $52k to $143k (+173%).

$70k
$87k
$52k
$143k
$228k
$99k
$101k
$128k
'17'18'19'20'21'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2017 11% · 2018 9% · 2019 19% · 2020 11% · 2021 48% · 2023 34% · 2024 12% · 2025 16%. Grants only. Government contracts and fees sit inside program revenue.

69% of THIRD RAIL REPERTORY THEATRE’s revenue is contributions — more donation-reliant than the typical peer (64% for the typical peer).

This organization
Typical peer · 19,547 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 8 reported years ran a deficit.

−$33k
’17
$74k
’18
$4k
’19
$99k
’20
$83k
’21
−$108k
’23
−$19k
’24
$1k
’25
1.8
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

'17'18'19'20'21'23'24'25
Listed1314887779
Joined·+6+3+0+1·+0+6
No longer listed·5902·04
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 3 funders to 7 funders, grant income rose $57k → $225k.

5 of 13 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 35% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of THIRD RAIL REPERTORY THEATRE’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

THIRD RAIL REPERTORY THEATRE leans on a few funders — its largest provides 28% of grant income and the top three 77%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

60% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund THIRD RAIL REPERTORY THEATRE.

28%
largest funder
77%
top three
~5
effective funders

Largest funder’s share by year: 2017 60% · 2018 47% · 2019 40% · 2020 28% · 2021 30% · 2022 38% · 2023 52% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

78% of THIRD RAIL REPERTORY THEATRE's funders are still giving 3 years after their first grant; 69% give in more than one year at all.

first grant+1y+2y+3y+4y+5y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

97% of THIRD RAIL REPERTORY THEATRE's grant income comes from Oregon funders.

WI
NY
OR
NE

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Oregon out of state home

Funder states come from each funder’s own filing. $428k arriving through sponsors registered in 5 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

THIRD RAIL REPERTORY THEATRE's funding base is broadening — from 3 funders to 7 as grant income climbed.

Operating margin0% · below the median
Months of reserve1.8mo · bottom quartile
Revenue growth (annualized)−2% · bottom quartile

this organization peer median middle 50% of peers· 11,634 arts & culture nonprofits $100k–$1M, FY2025

Government funding THIRD RAIL REPERTORY THEATRE receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $221k on record.

State$221k
19
20
21
22
23
24
25
Top programs
  • DISTRIBUTION TO NON-PROFIT ORG$221k

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like THIRD RAIL REPERTORY THEATRE

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Oregon

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

83% of spending goes to programs.

Program 83%Management 12%Fundraising 5%

Governance

8
board members
100%
independent
–Conflict-of-interest policy–Whistleblower policy–Document retention–Board reviewed the 990–Audited financials

Public support

79%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

OR

Screen this organization

A dated, signed PDF of the compliance screen for THIRD RAIL REPERTORY THEATRE: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds THIRD RAIL REPERTORY THEATRE?
THIRD RAIL REPERTORY THEATRE (Oregon) receives grants from 13 organizations whose IRS filings report $1,223,563 to it, the largest being THE OREGON COMMUNITY FOUNDATION ($347,822). 9 of them have funded it in more than one year.
How many funders does THIRD RAIL REPERTORY THEATRE have?
IRS filings report 13 organizations giving $1,223,563 in grants to THIRD RAIL REPERTORY THEATRE, 9 of which have funded it in more than one year.
Who is the largest funder of THIRD RAIL REPERTORY THEATRE?
THE OREGON COMMUNITY FOUNDATION is the largest funder on record, with $347,822 in grants. The full list of funders is on this page.
How can an organization like THIRD RAIL REPERTORY THEATRE find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Oregon. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Third Rail Repertory Theatre →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 13 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing