Threadhead Cultural Foundation

Analysis

Threadhead Cultural Foundation is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in September 2009, 17 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Threadhead Cultural Foundation reported income of $117k and spending of $97k, spending 83% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $149k to $117k (-21%), an average of -21% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Threadhead Cultural Foundation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within LA. Charities of a similar size with the same main cause include Philadelphia Dance Projects ($117k), Phoenix Chinese Week ($117k) and Evolution Arts Inc ($117k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 44% of the total. At year end it held assets of $212k against liabilities of $0, net assets of $212k.