Common Threads
Common Threads consistently operates with a surplus and reports 0% officer compensation.
EIN: 200106847 · Austin, TX · NTEE: A70 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.2M |
| Total Expenses | $4.1M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $4 |
| Net Assets | $2.1M |
| Transparency Score | 95/100 |
Is Common Threads Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Common Threads directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Common Threads
Common Threads (EIN: 200106847) is a nonprofit organization based in Austin, TX, classified under NTEE code A70. The organization reported total revenue of $4.2M and total assets of $2.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Common Threads's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Common Threads is a mid-size nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.1M |
| Total Expenses | $4.1M |
| Surplus / Deficit | +$29K |
| Total Assets | $2.5M |
| Total Liabilities | $392K |
| Net Assets | $2.1M |
| Operating Margin | 0.7% |
| Debt-to-Asset Ratio | 15.8% |
| Months of Reserves | 7.3 months |
Financial Health Grade: A
In 2023, Common Threads reported a surplus of $29K with revenue exceeding expenses, holds 7.3 months of operating reserves (strong position), has a debt-to-asset ratio of 15.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Common Threads's revenue has grown at a compound annual growth rate (CAGR) of 9.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.7% | +1.7% | +5.8% |
| 2022 | +18.2% | +18.3% | +16.6% |
| 2021 | +26.7% | +15.1% | +6.6% |
| 2020 | -20.7% | -22.7% | -4.3% |
| 2019 | -11.0% | +3.5% | -14.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Common Threads with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Common Threads allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $29K, with revenue exceeding expenses.
- Debt-to-asset ratio: 15.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries from the organization. This is highly unusual for an organization with over $4 million in annual revenue and suggests a strong commitment to directing funds towards its mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Common Threads's IRS 990 filings:
- Unusually low or 0% officer compensation could indicate compensation is reported elsewhere or through non-salary means, warranting further inquiry.
Strengths
The following positive indicators were identified for Common Threads:
- Consistent financial surpluses in recent years (e.g., $29,445 in 2023, $169,227 in 2022).
- Strong asset growth, reaching $2,475,600 in 2023.
- Very low liabilities relative to assets, indicating strong financial health.
- Exceptional program efficiency due to 0% reported officer compensation.
- Long and consistent history of IRS 990 filings, demonstrating transparency.
Frequently Asked Questions about Common Threads
Is Common Threads a legitimate charity?
Common Threads (EIN: 200106847) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 95/100. It has 13 years of IRS 990 filings on record. Total revenue: $4.2M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Common Threads spend its money?
Common Threads directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Common Threads tax-deductible?
Common Threads is registered as a tax-exempt nonprofit (EIN: 200106847). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Common Threads CEO make?
Common Threads's highest-compensated officer earns $4 annually. The organization reported $4.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Common Threads's spending goes to programs?
Common Threads directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Common Threads compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Common Threads is above average for NTEE category A70 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Common Threads located?
Common Threads is headquartered in Austin, Texas and files with the IRS under EIN 200106847. It is classified under NTEE code A70.
How many years of IRS 990 filings does Common Threads have?
Common Threads has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $4.2M in total revenue.
How does Common Threads manage to operate with 0% officer compensation?
The filings consistently show 0% officer compensation, which is exceptional for an organization of this size. This could imply that executive roles are filled by volunteers, or compensation is covered by a related entity not reflected in these specific filings, or through other non-salary benefits not categorized as officer compensation. Further investigation into their operational model would be beneficial.
What is the trend in Common Threads' net assets over time?
Net assets have generally increased over the past few years, from $1,883,461 in 2020 to $2,475,600 in 2023, indicating financial growth and accumulation of reserves.
Is Common Threads financially stable?
Yes, Common Threads appears financially stable. It consistently generates surpluses (e.g., $29,445 in 2023, $169,227 in 2022) and maintains healthy asset levels relative to liabilities (e.g., $2,475,600 in assets vs. $391,788 in liabilities in 2023).
Filing History
IRS 990 filing history for Common Threads showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Common Threads's revenue has grown by 185.4%, moving from $1.4M to $4.1M. Total assets decreased by 25.1% over the same period, from $3.3M to $2.5M. Total functional expenses rose by 164.8%, from $1.5M to $4.1M. In its most recent filing year (2023), Common Threads reported a surplus of $29K, with revenue exceeding expenses. The organization holds $392K in liabilities against $2.5M in assets (debt-to-asset ratio: 15.8%), resulting in net assets of $2.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.1M | $4.1M | $2.5M | $392K | — | — |
| 2022 | $4.2M | $4.0M | $2.3M | $286K | — | View 990 |
| 2021 | $3.5M | $3.4M | $2.0M | $122K | — | — |
| 2020 | $2.8M | $2.9M | $1.9M | $144K | — | View 990 |
| 2019 | $3.5M | $3.8M | $2.0M | $74K | — | View 990 |
| 2018 | $4.0M | $3.7M | $2.3M | $112K | — | View 990 |
| 2017 | $3.8M | $3.8M | $2.1M | $147K | — | View 990 |
| 2016 | $3.1M | $2.8M | $2.1M | $129K | — | View 990 |
| 2015 | $2.5M | $3.2M | $1.9M | $127K | — | View 990 |
| 2014 | $2.2M | $2.4M | $2.5M | $66K | — | View 990 |
| 2013 | $2.1M | $1.8M | $2.7M | $55K | — | View 990 |
| 2012 | $1.5M | $1.5M | $2.7M | $310K | — | View 990 |
| 2011 | $1.4M | $1.5M | $3.3M | $983K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.1M, expenses of $4.1M, and assets of $2.5M (revenue -1.7% year-over-year).
- 2022: Revenue of $4.2M, expenses of $4.0M, and assets of $2.3M (revenue +18.2% year-over-year).
- 2021: Revenue of $3.5M, expenses of $3.4M, and assets of $2.0M (revenue +26.7% year-over-year).
- 2020: Revenue of $2.8M, expenses of $2.9M, and assets of $1.9M (revenue -20.7% year-over-year).
- 2019: Revenue of $3.5M, expenses of $3.8M, and assets of $2.0M (revenue -11.0% year-over-year).
- 2018: Revenue of $4.0M, expenses of $3.7M, and assets of $2.3M (revenue +4.8% year-over-year).
- 2017: Revenue of $3.8M, expenses of $3.8M, and assets of $2.1M (revenue +23.7% year-over-year).
- 2016: Revenue of $3.1M, expenses of $2.8M, and assets of $2.1M (revenue +23.4% year-over-year).
- 2015: Revenue of $2.5M, expenses of $3.2M, and assets of $1.9M (revenue +10.7% year-over-year).
- 2014: Revenue of $2.2M, expenses of $2.4M, and assets of $2.5M (revenue +8.5% year-over-year).
- 2013: Revenue of $2.1M, expenses of $1.8M, and assets of $2.7M (revenue +34.9% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.5M, and assets of $2.7M (revenue +6.0% year-over-year).
- 2011: Revenue of $1.4M, expenses of $1.5M, and assets of $3.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Common Threads:
Data Sources and Methodology
This transparency report for Common Threads is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.