Is Common Threads Legit?

Quick charity verification for Common Threads (EIN: 200106847)

Verdict: Common Threads appears trustworthy

95/100Mission Score
$4.2MRevenue
$2.2MAssets
1Red Flags
5Strengths

Red Flags

Strengths

Spending Breakdown

How Common Threads allocates its funds across programs, administration, and fundraising.

90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Common Threads

Is Common Threads a legitimate charity?

Based on AI analysis of IRS 990 filings, Common Threads (EIN: 200106847) appears trustworthy. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.

Is Common Threads a good charity to donate to?

Common Threads has a Mission Score of 95/100. Revenue: $4.2M. Assets: $2.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Common Threads?

The Employer Identification Number (EIN) for Common Threads is 200106847. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Common Threads spend its money?

Common Threads allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Common Threads's tax-exempt status?

You can verify Common Threads's tax-exempt status using EIN 200106847 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Common Threads demonstrates consistent financial activity, with revenues generally exceeding expenses in recent years, indicating sound operational management. For instance, in 2023, revenue was $4,109,300 against expenses of $4,079,855, resulting in a surplus. The organization's assets have also shown steady growth, reaching $2,475,600 in 2023, which suggests a healthy financial reserve. Liabilities remain a relatively small portion of total assets, indicating good financial stability. Spending efficiency appears strong, particularly given the consistent reporting of 0% officer compensation across all available filings. This suggests that a very high proportion of funds are directed towards program services and operational costs rather than executive salaries. The organization's NTEE code A70 (Food, Agriculture, & Nutrition) aligns with its mission, and the financial data supports a focus on program delivery. Transparency is excellent, as evidenced by the consistent filing of IRS Form 990s over 13 periods and the clear disclosure of 0% officer compensation. This level of detail allows for a thorough assessment of financial health and operational priorities, making it easier for donors and stakeholders to understand how funds are utilized.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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