Uncommon Thread

Analysis

Uncommon Thread is a registered charity in United States, based in Stirling, NJ. It received its IRS tax-exemption ruling in April 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Uncommon Thread reported income of $13.0m and spending of $11.9m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.9m to $13.0m (+65%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 19%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Uncommon Thread sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NJ. Charities of a similar size with the same main cause include Integrow Numeracy Solutions ($13.0m), Global Leadership Academy Charter School ($13.0m) and Sankofa Freedom Academy Charter School ($13.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.0% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $775k (6.5% of expenses). Other salaries and wages came to $8.6m. At year end it held assets of $8.4m against liabilities of $1.7m, net assets of $6.6m. It reported 256 employees.