One Common Thread

Analysis

One Common Thread is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in December 2021, 5 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, One Common Thread reported income of $193k and spending of $166k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $167k to $193k (+16%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 80% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, One Common Thread sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within TX. Charities of a similar size with the same main cause include Voice of Grace International Ministries ($193k), Veahavta ($193k) and Hope Village International ($193k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. At year end it held assets of $104k against liabilities of $1,108, net assets of $103k.