THREAD INC

BALTIMORE, MD, US
501(c)(3)
EIN
84-1700955
Logo for "THREAD INC"
BALTIMORE, MD, US
501(c)(3)
EIN
84-1700955

Overview

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Est.

2006

Fiscal Year Start

Jul 1

Organization Type

Grantseeker
AI Summary
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THREAD INC is a nonprofit organization dedicated to youth development and mentoring, with a mission to support young people facing significant opportunity and achievement gaps. With an operating budget of $9.1 million and total revenue of $8.2 million for the 2024 filing year, THREAD INC is positioned to make a substantial impact in its cause areas. The organization does not rely on a single funder for 50% or more of its revenue, ensuring a diverse funding base to sustain its initiatives. For more information, visit www.thread.org.

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

45

Median grant size
$15K
Largest grant received
$2.5M
J
Joseph Azzarello
Board Member
R
Ryan Hemminger
Board Member
C
Cheryl Boyer
Board Member

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.
Overview
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