Threaded Together

Analysis

Threaded Together is a registered charity in United States, based in Flagstaff, AZ. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Threaded Together reported income of $135k and spending of $156k, spending 116% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $215k to $135k (-37%), an average of -14% a year. The sharpest change came in the year to December 2021, when income dropped by 42%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Threaded Together sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 42nd percentile within AZ. Charities of a similar size with the same main cause include Mount Vernon Music & Arts Festival Inc ($135k), Anaheim Fall Festival ($135k) and Oakbrook Park Chumash Indian Corporation ($135k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. Other salaries and wages came to $114k. At year end it held assets of $114k against liabilities of $1,342, net assets of $113k. It reported 9 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.