Honduras Threads

Analysis

Honduras Threads is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in October 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Honduras Threads reported income of $112k and spending of $127k, spending 113% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $139k to $112k (-19%), an average of -19% a year. The sharpest change came in the year to June 2024, when income dropped by 19%. Over the whole period it spent 121% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Honduras Threads sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 43rd percentile within TX. Charities of a similar size with the same main cause include South Asian Workers Center ($112k), Tyler Area Senior Citizens Association Inc ($112k) and Wholehearted Foundation ($112k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 105% of the total. At year end it held assets of $30k against liabilities of $3,991, net assets of $26k.