Threadbender Textiles

Analysis

Threadbender Textiles is a registered charity in United States, based in Camarillo, CA. It received its IRS tax-exemption ruling in July 2019, 7 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 December 2023, Threadbender Textiles reported income of $95k and spending of $83k, spending 87% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $59k to $95k (+61%), an average of +27% a year. The sharpest change came in the year to December 2022, when income rose by 56%. 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, Threadbender Textiles sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 38th percentile within CA. Charities of a similar size with the same main cause include Furniture Bank of Southeast Connecticut Inc ($95k), 724 Ministries NFP ($95k) and Health & Education Housing Services Inc ($95k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 69% of the total. At year end it held assets of $32k against liabilities of $1,898, net assets of $30k.