Overview

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Est.

2006

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

THREAD INC is a youth development and adult and child mentoring nonprofit focused on building bidirectional relationships to support young people facing opportunity and achievement gaps. In filing year 2025, it reported an operating budget of $10.5M and total revenue of $5.3M; among its listed top funders are One8 Foundation ($16.9M, 2024), PATRICIA AND MARK JOSEPH SHELTER FOUNDATION INC ($5.8M, 2023), and The Harry and Jeanette Weinberg Foundation ($2.8M, 2024).

Mission Statement

SUPPORTS YOUNG PEOPLE FACING THE MOST SIGNIFICANT OPPORTUNITY AND ACHIEVEMENT GAPS.
Revenues
$8.2M
Expenses
$9.1M
Net Income:
-$850K
Assets
$14.6M
Liabilities
$739.8K
Net Assets:
+$13.9M
Operating Budget
$9.1M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
48
Median grant size
$17.5K
Largest grant received
$2.5M
J
Joseph Azzarello
Board Member
R
Ryan Hemminger
Board Member
C
Cheryl Boyer
Board Member
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  • 115 funders
  • 43 board & team members
  • 10 historic 990s & financials
  • 6-year operating budget trend
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Frequently Asked Questions

What is THREAD INC’s budget?
In 2024, THREAD INC reported an annual operating budget of around $9.1 million. More detailed financial information is available to registered users.
What causes does THREAD INC support?
THREAD INC supports work in Adult and child mentoring and Youth development.
Where does THREAD INC operate?
THREAD INC is headquartered in BALTIMORE, MD.
Who funded THREAD INC recently?
In 2025, THREAD INC received grants from T ROWE PRICE PROGRAM FOR CHARITABLE GIVING INC, KENNETH S BATTYE CHARITABLE TRUST, and WILSON SHEEHAN FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant THREAD INC received in 2024?
The largest grant to THREAD INC in 2024 exceeds $2.5 million.
What is THREAD INC’s reliance on government grants?
THREAD INC relied on government grants for more than 10% of their total revenue in 2024.