Congo Threads

Analysis

Congo Threads is a registered charity in United States, based in Olympia, WA. It received its IRS tax-exemption ruling in September 2019, 7 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, Congo Threads reported income of $54k and spending of $39k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $65k to $54k (-17%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 67% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Congo Threads sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 16th percentile within WA. Charities of a similar size with the same main cause include Metro Infanta Foundation Inc ($54k), Tangible Hope Foundation ($54k) and Karuna Charities Washington Inc ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $88k against liabilities of $39k, net assets of $49k.