Act - a Common Thread

Analysis

Act - a Common Thread is a registered charity in United States, based in Puyallup, WA. It received its IRS tax-exemption ruling in October 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, Act - a Common Thread reported income of $3.0m and spending of $2.7m, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $663k to $3.0m (+350%), an average of +350% a year. The sharpest change came in the year to December 2023, when income rose by 350%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Act - a Common Thread sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within WA. Charities of a similar size with the same main cause include Conservation Resource Alliance ($3.0m), United Way of Mid & South Jefferson County ($3.0m) and Owensboro Area Shelter Information and Services Inc Oasis ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $90k. At year end it held assets of $581k against liabilities of $122k, net assets of $459k.