Common Threads Farm
Common Threads Farm shows consistent revenue growth and strong asset accumulation with no reported officer compensation.
EIN: 205163417 · Bellingham, WA · NTEE: B60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $1.3M |
| Program Spending | 85% |
| Net Assets | $1.7M |
| Transparency Score | 92/100 |
Is Common Threads Farm Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Common Threads Farm directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Common Threads Farm
Common Threads Farm (EIN: 205163417) is a nonprofit organization based in Bellingham, WA, classified under NTEE code B60. The organization reported total revenue of $1.2M and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Common Threads Farm's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Common Threads Farm is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 24.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $1.3M |
| Surplus / Deficit | +$326K |
| Total Assets | $1.8M |
| Total Liabilities | $169K |
| Net Assets | $1.7M |
| Operating Margin | 20.1% |
| Debt-to-Asset Ratio | 9.2% |
| Months of Reserves | 17.0 months |
Financial Health Grade: A
In 2023, Common Threads Farm reported a surplus of $326K with revenue exceeding expenses, holds 17.0 months of operating reserves (strong position), has a debt-to-asset ratio of 9.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Common Threads Farm's revenue has grown at a compound annual growth rate (CAGR) of 24.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +39.7% | +41.5% | +53.2% |
| 2022 | -7.0% | -3.9% | +24.0% |
| 2021 | +66.3% | +50.0% | +60.3% |
| 2020 | +66.8% | +104.3% | +43.7% |
| 2019 | +67.4% | +4.0% | +57.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 2007 |
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 Farm with a Mission Score of 92 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Common Threads Farm allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $326K, with revenue exceeding expenses.
- Debt-to-asset ratio: 9.2%.
Executive Compensation Analysis
Common Threads Farm has reported 0% officer compensation across all available filings, indicating that its leadership either serves on a volunteer basis or receives compensation below the reporting threshold, which is highly efficient for a growing organization.
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 Farm:
- Consistent and significant revenue growth, from $158,392 in 2014 to $1,626,080 in 2023.
- Healthy asset accumulation, reaching $1,836,408 in 2023.
- Low liabilities relative to assets, indicating strong financial management.
- No reported officer compensation across all filings, suggesting high efficiency in resource allocation.
- Consistent operating surplus, demonstrating financial sustainability.
Frequently Asked Questions about Common Threads Farm
Is Common Threads Farm a legitimate charity?
Common Threads Farm (EIN: 205163417) is a registered tax-exempt nonprofit based in Washington. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.2M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Common Threads Farm spend its money?
Common Threads Farm directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Common Threads Farm tax-deductible?
Common Threads Farm is registered as a tax-exempt nonprofit (EIN: 205163417). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Common Threads Farm's spending goes to programs?
Common Threads Farm directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Common Threads Farm compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Common Threads Farm is above average for NTEE category B60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Common Threads Farm located?
Common Threads Farm is headquartered in Bellingham, Washington and files with the IRS under EIN 205163417. It is classified under NTEE code B60.
How many years of IRS 990 filings does Common Threads Farm have?
Common Threads Farm 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 $1.2M in total revenue.
Is Common Threads Farm a good charity?
Based on its financial data, Common Threads Farm appears to be a very good charity. It demonstrates consistent revenue growth, healthy asset accumulation, and a strong commitment to program spending, with no reported officer compensation across all filings.
How has Common Threads Farm's revenue grown over time?
Common Threads Farm has experienced significant revenue growth, increasing from $158,392 in 2014 to $1,626,080 in 2023, representing over a tenfold increase in less than a decade.
What is the organization's financial stability?
The organization shows strong financial stability, consistently operating with a surplus (e.g., $1,626,080 revenue vs. $1,299,672 expenses in 2023) and maintaining a healthy asset base ($1,836,408 in 2023) with relatively low liabilities ($168,873 in 2023).
Filing History
IRS 990 filing history for Common Threads Farm showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Common Threads Farm's revenue has grown by 1278.5%, moving from $118K to $1.6M. Total assets increased by 1938.6% over the same period, from $90K to $1.8M. Total functional expenses rose by 1356.4%, from $89K to $1.3M. In its most recent filing year (2023), Common Threads Farm reported a surplus of $326K, with revenue exceeding expenses. The organization holds $169K in liabilities against $1.8M in assets (debt-to-asset ratio: 9.2%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $1.3M | $1.8M | $169K | — | — |
| 2022 | $1.2M | $918K | $1.2M | $75K | — | View 990 |
| 2021 | $1.3M | $956K | $967K | $93K | — | View 990 |
| 2020 | $752K | $637K | $603K | $85K | — | View 990 |
| 2019 | $451K | $312K | $420K | $17K | — | View 990 |
| 2018 | $269K | $300K | $266K | $3K | — | View 990 |
| 2017 | $245K | $228K | $302K | $9K | — | View 990 |
| 2016 | $255K | $214K | $289K | $13K | — | View 990 |
| 2015 | $201K | $151K | $245K | $10K | — | View 990 |
| 2014 | $158K | $133K | $190K | $5K | — | View 990 |
| 2013 | $166K | $117K | $161K | $1K | — | View 990 |
| 2012 | $151K | $127K | $115K | $5K | — | View 990 |
| 2011 | $118K | $89K | $90K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $1.3M, and assets of $1.8M (revenue +39.7% year-over-year).
- 2022: Revenue of $1.2M, expenses of $918K, and assets of $1.2M (revenue -7.0% year-over-year).
- 2021: Revenue of $1.3M, expenses of $956K, and assets of $967K (revenue +66.3% year-over-year).
- 2020: Revenue of $752K, expenses of $637K, and assets of $603K (revenue +66.8% year-over-year).
- 2019: Revenue of $451K, expenses of $312K, and assets of $420K (revenue +67.4% year-over-year).
- 2018: Revenue of $269K, expenses of $300K, and assets of $266K (revenue +9.9% year-over-year).
- 2017: Revenue of $245K, expenses of $228K, and assets of $302K (revenue -3.9% year-over-year).
- 2016: Revenue of $255K, expenses of $214K, and assets of $289K (revenue +26.8% year-over-year).
- 2015: Revenue of $201K, expenses of $151K, and assets of $245K (revenue +27.0% year-over-year).
- 2014: Revenue of $158K, expenses of $133K, and assets of $190K (revenue -4.4% year-over-year).
- 2013: Revenue of $166K, expenses of $117K, and assets of $161K (revenue +9.7% year-over-year).
- 2012: Revenue of $151K, expenses of $127K, and assets of $115K (revenue +28.1% year-over-year).
- 2011: Revenue of $118K, expenses of $89K, and assets of $90K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Common Threads Farm:
Data Sources and Methodology
This transparency report for Common Threads Farm 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.