Open Threads

Analysis

Open Threads is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in September 2002, 24 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Open Threads reported income of $118k and spending of $210k, spending 178% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $172k to $118k (-31%), an average of -31% a year. The sharpest change came in the year to December 2023, when income dropped by 31%. Over the whole period it spent 132% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Open Threads sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 42nd percentile within OH. Charities of a similar size with the same main cause include Workforce Partnership of Putnam County Inc ($118k), Country Club Estates Neighborhood Association Inc ($118k) and Chino Community Childrens Theatre ($118k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 7.5% of the total. At year end it held assets of $114k against liabilities of $2,937, net assets of $111k.