Common Thread Community

Analysis

Common Thread Community is a registered charity in United States, based in Homewood, AL. It received its IRS tax-exemption ruling in April 2016, 10 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 2022, Common Thread Community reported income of $2.6m and spending of $2.5m, spending 98% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $2.1m to $2.6m (+25%), an average of +7.6% a year. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Common Thread Community sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within AL. Charities of a similar size with the same main cause include A Plus Home Care Inc ($2.6m), Christian Community Action Inc ($2.6m) and International Outreach Services ($2.6m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 36% and program service revenue 103% of the total. Other salaries and wages came to $960k. It paid $2,107 in professional fundraising fees. At year end it held assets of $3.5m against liabilities of $2.7m, net assets of $804k. It reported 92 employees.