Scarlet Thread

Analysis

Scarlet Thread is a registered charity in United States, based in Mt Pleasant, TX. It received its IRS tax-exemption ruling in December 2016, 10 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Scarlet Thread reported income of $126k and spending of $126k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $127k to $126k (-0.8%), an average of -0.8% a year. Over the whole period it spent 105% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Scarlet Thread sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 46th percentile within TX. Charities of a similar size with the same main cause include Life Connection Ministries Inc ($126k), Abiding Marriage Inc ($126k) and Manteca-Ripon Pentecost Society ($126k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.1% of the total. At year end it held assets of $146k against liabilities of $0, net assets of $146k.