Community Thread

Analysis

Community Thread is a registered charity in United States, based in Stillwater, MN. It received its IRS tax-exemption ruling in October 1972, 54 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Community Thread reported income of $1.0m and spending of $976k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $700k to $1.0m (+47%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 33%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Community Thread sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MN. Charities of a similar size with the same main cause include Gods Garage Inc ($1.0m), LA Casita Center Inc ($1.0m) and Homeownership Council of America ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $90k (9.3% of expenses). Other salaries and wages came to $371k. At year end it held assets of $1.2m against liabilities of $137k, net assets of $1.1m. It reported 14 employees.