Divine Threads

Analysis

Divine Threads is a registered charity in United States, based in Tualatin, OR. It received its IRS tax-exemption ruling in June 2012, 14 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, Divine Threads reported income of $148k and spending of $113k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $82k to $148k (+80%), an average of +80% a year. The sharpest change came in the year to December 2023, when income rose by 80%. Over the whole period it spent 61% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Divine Threads sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within OR. Charities of a similar size with the same main cause include Tappan Zee Thrift Shop Inc ($148k), Rinkle Family Foundation ($148k) and Siempre Para Los Ninos ($148k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $351k against liabilities of $37k, net assets of $314k.