San Antonio Threads

Analysis

San Antonio Threads is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in September 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2022, San Antonio Threads reported income of $485k and spending of $2.0m, spending 422% of what it took in. Across the 4 years on record, from July 2019 to July 2022, income fell from $3.2m to $485k (-85%), an average of -47% a year. The sharpest change came in the year to July 2021, when income rose by 268%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, San Antonio Threads sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 74th percentile within TX. Charities of a similar size with the same main cause include Waterfall Foundation ($485k), Iep Youth Services Inc ($485k) and Uganda AIDS Orphan Children Foundation ($485k).

On its Form 990 for the period ending July 2022, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $472k (23% of expenses). At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m. It reported 26 employees.