Thread Capital
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 3,838,887 | 1,776,207 | 2,062,680 | 53.0 | 28% |
| 2021 | 3,562,695 | 2,068,967 | 1,493,728 | 54.2 | 25% |
| 2022 | 1,469,550 | 2,568,332 | −1,098,782 | 38.5 | 37% |
| 2023 | 3,034,496 | 2,494,891 | 539,605 | 40.1 | 40% |
In its most recent public year (2023), this organization brought in $539,605 more than it spent. Its reserves stood at about 40.1 months of spending, down from 53 in 2020. Staff pay was 40% of spending. $5,559,780 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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