Living Threads

Analysis

Living Threads is a registered charity in United States, based in Zeeland, MI. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Living Threads reported income of $358k and spending of $312k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $244k to $358k (+47%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 65%. Over the whole period it spent 88% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Living Threads sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within MI. Charities of a similar size with the same main cause include Our Lady of Light Foundation ($358k), Lake Retreat Ministries Inc ($358k) and Hindu Temple of Southwest Florida Inc ($358k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $65k (21% of expenses). Other salaries and wages came to $93k. At year end it held assets of $338k against liabilities of $333, net assets of $338k. It reported 8 employees.