Common Threads Project

Analysis

Common Threads Project is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2017, 9 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Common Threads Project reported income of $574k and spending of $451k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $222k to $574k (+158%), an average of +27% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 82% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Common Threads Project sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include The Borgen Project ($574k), Friend of the Poor Inc ($575k) and Loloma Foundation ($574k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $78k (17% of expenses). Other salaries and wages came to $125k. At year end it held assets of $374k against liabilities of $8,235, net assets of $366k. It reported 3 employees.