The Common Thread for the Cure Foundation

Analysis

The Common Thread for the Cure Foundation is a registered charity in United States, based in Lexington, NC. It received its IRS tax-exemption ruling in April 2001, 25 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, The Common Thread for the Cure Foundation reported income of $179k and spending of $270k, spending 150% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $117k to $179k (+54%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 42%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Common Thread for the Cure Foundation sits at the 39th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within NC. Charities of a similar size with the same main cause include National Pain Advocacy Center ($179k), Adams Angels Ministry ($179k) and On Our Own of Anne Arundel County Inc ($179k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.