Needle & Frame Inc

Analysis

Needle & Frame Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in June 2020, 6 years ago. 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, Needle & Frame Inc reported income of $195k and spending of $204k, spending 105% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $206k to $195k (-5.3%), an average of -5.3% a year. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Needle & Frame Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within CO. Charities of a similar size with the same main cause include This Able Veteran ($195k), North High School Boosters Club of Eastlake Ohio Inc ($195k) and Fairlawn Family Church Inc ($195k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 9.6% of the total. Compensation of current officers, directors and key employees was $118k (58% of expenses). At year end it held assets of $4,876 against liabilities of $0, net assets of $4,876. It reported 2 employees.