Common Threads Family Resource Center
Common Threads Family Resource Center shows consistent revenue growth and no reported officer compensation across all filings.
EIN: 205196210 · Madison, WI · NTEE: P82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.9M |
| Total Expenses | $2.9M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $969K |
| Transparency Score | 95/100 |
Is Common Threads Family Resource Center Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Common Threads Family Resource Center directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Common Threads Family Resource Center
Common Threads Family Resource Center (EIN: 205196210) is a nonprofit organization based in Madison, WI, classified under NTEE code P82. The organization reported total revenue of $2.9M and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Common Threads Family Resource Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Common Threads Family Resource Center is a mid-size nonprofit that has been operating for 20 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 15.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.2M |
| Total Expenses | $2.9M |
| Surplus / Deficit | +$326K |
| Total Assets | $2.2M |
| Total Liabilities | $1.2M |
| Net Assets | $969K |
| Operating Margin | 10.0% |
| Debt-to-Asset Ratio | 55.8% |
| Months of Reserves | 9.0 months |
Financial Health Grade: A
In 2024, Common Threads Family Resource Center reported a surplus of $326K with revenue exceeding expenses, holds 9.0 months of operating reserves (strong position), has a debt-to-asset ratio of 55.8% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), Common Threads Family Resource Center's revenue has grown at a compound annual growth rate (CAGR) of 15.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +31.8% | +35.8% | +4.2% |
| 2023 | +49.4% | +11.4% | +19.4% |
| 2022 | -9.1% | +4.5% | -3.5% |
| 2021 | -13.8% | -0.6% | +48.4% |
| 2020 | +21.6% | +17.3% | +22.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Family Resource Center 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 Family Resource Center 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $326K, with revenue exceeding expenses.
- Debt-to-asset ratio: 55.8%.
Executive Compensation Analysis
Common Threads Family Resource Center reports 0% officer compensation across all 14 available filings, which is exceptional for an organization with annual revenues exceeding $3 million. This indicates a strong commitment to directing funds entirely towards programmatic activities and operational needs, rather than executive salaries.
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.
Strengths
The following positive indicators were identified for Common Threads Family Resource Center:
- Consistent revenue growth, reaching $3,242,615 in 202406.
- Zero reported officer compensation across all 14 filings, indicating high efficiency and mission focus.
- Healthy asset accumulation, with assets growing from $1,004,419 in 201506 to $2,193,629 in 202406.
- Expenses consistently below revenue in most recent periods, demonstrating sound financial management.
- Positive net asset position, with assets significantly exceeding liabilities.
Frequently Asked Questions about Common Threads Family Resource Center
Is Common Threads Family Resource Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Common Threads Family Resource Center (EIN: 205196210) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Common Threads Family Resource Center spend its money?
Common Threads Family Resource Center directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Common Threads Family Resource Center tax-deductible?
Common Threads Family Resource Center is registered as a tax-exempt nonprofit (EIN: 205196210). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Common Threads Family Resource Center CEO make?
Common Threads Family Resource Center's highest-compensated officer earns $3 annually. The organization reported $2.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Common Threads Family Resource Center's spending goes to programs?
Common Threads Family Resource Center directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Common Threads Family Resource Center compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Common Threads Family Resource Center is above average for NTEE category P82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Common Threads Family Resource Center located?
Common Threads Family Resource Center is headquartered in Madison, Wisconsin and files with the IRS under EIN 205196210. It is classified under NTEE code P82.
How many years of IRS 990 filings does Common Threads Family Resource Center have?
Common Threads Family Resource Center has 14 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 $2.9M in total revenue.
Is Common Threads Family Resource Center a good charity?
Based on the financial data, Common Threads Family Resource Center appears to be a very good charity. It demonstrates strong financial health, consistent revenue growth, efficient spending (expenses generally below revenue), and a remarkable commitment to its mission by reporting no officer compensation across all filings.
How has the organization's revenue trended over time?
The organization has shown a strong upward trend in revenue, growing from $1,591,580 in 201506 to $3,242,615 in 202406, nearly doubling its revenue in less than a decade.
What is the organization's asset-to-liability ratio?
In the latest filing (202406), the organization has assets of $2,193,629 and liabilities of $1,224,257, resulting in an asset-to-liability ratio of approximately 1.79:1, indicating a healthy financial position.
Filing History
IRS 990 filing history for Common Threads Family Resource Center showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Common Threads Family Resource Center's revenue has grown by 568.3%, moving from $485K to $3.2M. Total assets increased by 266.8% over the same period, from $598K to $2.2M. Total functional expenses rose by 674.1%, from $377K to $2.9M. In its most recent filing year (2024), Common Threads Family Resource Center reported a surplus of $326K, with revenue exceeding expenses. The organization holds $1.2M in liabilities against $2.2M in assets (debt-to-asset ratio: 55.8%), resulting in net assets of $969K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $3.2M | $2.9M | $2.2M | $1.2M | — | View 990 |
| 2023 | $2.5M | $2.1M | $2.1M | $1.5M | — | View 990 |
| 2022 | $1.6M | $1.9M | $1.8M | $1.4M | — | View 990 |
| 2021 | $1.8M | $1.8M | $1.8M | $1.2M | — | View 990 |
| 2020 | $2.1M | $1.9M | $1.2M | $582K | — | View 990 |
| 2019 | $1.7M | $1.6M | $1.0M | $600K | — | View 990 |
| 2018 | $1.6M | $1.3M | $1.1M | $802K | — | View 990 |
| 2017 | $1.4M | $1.6M | $736K | $801K | — | View 990 |
| 2016 | $1.8M | $1.9M | $867K | $692K | — | View 990 |
| 2015 | $1.6M | $1.5M | $1.0M | $660K | — | View 990 |
| 2014 | $1.3M | $1.2M | $996K | $775K | — | View 990 |
| 2013 | $1.0M | $920K | $654K | $565K | — | View 990 |
| 2012 | $639K | $675K | $573K | $709K | — | View 990 |
| 2011 | $485K | $377K | $598K | $698K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $3.2M, expenses of $2.9M, and assets of $2.2M (revenue +31.8% year-over-year).
- 2023: Revenue of $2.5M, expenses of $2.1M, and assets of $2.1M (revenue +49.4% year-over-year).
- 2022: Revenue of $1.6M, expenses of $1.9M, and assets of $1.8M (revenue -9.1% year-over-year).
- 2021: Revenue of $1.8M, expenses of $1.8M, and assets of $1.8M (revenue -13.8% year-over-year).
- 2020: Revenue of $2.1M, expenses of $1.9M, and assets of $1.2M (revenue +21.6% year-over-year).
- 2019: Revenue of $1.7M, expenses of $1.6M, and assets of $1.0M (revenue +9.7% year-over-year).
- 2018: Revenue of $1.6M, expenses of $1.3M, and assets of $1.1M (revenue +13.5% year-over-year).
- 2017: Revenue of $1.4M, expenses of $1.6M, and assets of $736K (revenue -21.7% year-over-year).
- 2016: Revenue of $1.8M, expenses of $1.9M, and assets of $867K (revenue +11.1% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.5M, and assets of $1.0M (revenue +19.9% year-over-year).
- 2014: Revenue of $1.3M, expenses of $1.2M, and assets of $996K (revenue +29.5% year-over-year).
- 2013: Revenue of $1.0M, expenses of $920K, and assets of $654K (revenue +60.5% year-over-year).
- 2012: Revenue of $639K, expenses of $675K, and assets of $573K (revenue +31.6% year-over-year).
- 2011: Revenue of $485K, expenses of $377K, and assets of $598K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Common Threads Family Resource Center:
Data Sources and Methodology
This transparency report for Common Threads Family Resource Center 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.