Threaded Fasteners Charitable Foundation

Analysis

Threaded Fasteners Charitable Foundation is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in October 2011, 15 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Threaded Fasteners Charitable Foundation reported income of $114k and spending of $76k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $72k to $114k (+59%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 87% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Threaded Fasteners Charitable Foundation sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 40th percentile within AL. Charities of a similar size with the same main cause include The Anchorage Robert Burns Appreciation Society ($114k), Partners for Youth Foundation Inc ($114k) and United Jewish Fund for Charlottesville ($114k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% of the total. At year end it held assets of $54k against liabilities of $0, net assets of $54k.