Overview
What is Threads For Therapy?
Threads For Therapy is a clothing brand situated in San Francisco, California, that engages in partnerships with various communities, companies, and organizations. Their primary mission is to support children with special needs by providing and funding therapy-related resources. Through these collaborations, they aim to enhance the lives of these children, contributing positively to their overall development.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
Threads For Therapy has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The score is derived entirely from the accountability and finance beacon, highlighting the organization's strong management practices. The charity's most recent fiscal year was FY2023, during which it demonstrated its commitment to transparency and responsible governance.
One of the noteworthy strengths of Threads For Therapy is its independent board composition, featuring 83% independent members. The organization has effectively implemented several key policies, including conflict of interest and whistleblower policies, showcasing a robust governance framework. Furthermore, the charity maintains a remarkable program expense ratio of 99.85%, indicating that almost all of its funds are dedicated to fulfilling its mission.
Despite these strengths, it is always prudent for potential supporters to remain aware of the overall operational landscape. While the data does not highlight significant issues, continuous evaluation of the charity's performance and outcomes will be essential for future growth and sustainability. Overall, Threads For Therapy appears to be a responsible and impactful organization dedicated to its cause.
This AI summary has been generated from information found on Charity Navigator.
Is Threads For Therapy legitimate?
Threads For Therapy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Threads For Therapy submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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What is the mission statement of Threads For Therapy?
Threads For Therapy, as a clothing brand, collaborates with various communities, companies, and organizations. Their primary mission is to support children with special needs by providing funding and resources for therapy. By partnering with these entities, they aim to enhance the accessibility and availability of therapeutic services for these children, thereby contributing positively to their overall well-being. This initiative underscores Threads For Therapy's commitment to making a difference in the lives of children with special needs.
What is the revenue of Threads For Therapy?
Threads For Therapy's revenue in 2023 was $29,783.
Who are the executives of Threads For Therapy and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Threads For Therapy?
Threads For Therapy's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Threads For Therapy
Threads For Therapy, as a clothing brand, collaborates with various communities, businesses, and organizations. Its mission is centered around providing funding and resources for therapy to children with special needs. By partnering with these entities, Threads For Therapy aims to make a significant impact in the lives of these children, enabling them to access the necessary therapeutic support they require.
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Impact
October, 2024
Threads For Therapy significantly impacts the lives of children with special needs by bridging the gap between fashion and essential therapeutic resources. By collaborating with communities, companies, and organizations, the brand not only raises awareness of the unique challenges these children face but also actively contributes funding and resources that enhance their therapeutic experiences.
Through a strategic partnership approach, Threads For Therapy creates a network of support that extends beyond clothing, fostering a sense of community and empowerment. This initiative enables access to vital therapy-related resources, significantly improving the quality of life for affected children and their families. Additionally, the brand’s mission emphasizes inclusivity and advocacy, reflecting the importance of addressing diverse needs within the realm of human services.
By promoting a culture of compassion and awareness through its products, Threads For Therapy contributes to breaking down barriers and stigma associated with special needs, ultimately enriching the overall community well-being in San Francisco and beyond.
This information is meant to be a general summary of Threads For Therapy. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Program Service Revenue: $29,783
- Gross Receipts: $29,783
Assets and Liabilities:
- Total Assets: $79,552
- Total Liabilities: $3,965
- Net Assets: $75,587
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Thrift store sales
Revenue
$18,231
Organization Details
Founding Year
2019
Principal Officer
Michelle Huang Scott
NTEE Category
Code: P82 - Human services
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