Red Thread Institute

Analysis

Red Thread Institute is a registered charity in United States, based in Carbondale, CO. It received its IRS tax-exemption ruling in November 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Red Thread Institute reported income of $142k and spending of $190k, spending 134% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $176k to $142k (-20%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 20%. Over the whole period it spent 113% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Red Thread Institute sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 42nd percentile within CO. Charities of a similar size with the same main cause include Set Seg Foundation ($142k), Audacia Foundation Inc ($142k) and Bay City Isd Education Foundation ($142k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. At year end it held assets of $5,759 against liabilities of $130k, net assets of -$124k.