We Share A Common Thread Foundation Inc
Only null% goes to programs Strong reserves
We Share A Common Thread Foundation Inc is a 501(c)(3) organization based in Lowell, Massachusetts, registered in 2012, with $441,537 in FY2024 revenue. CharityIndex grades it B.
1 Tremont Pl, Lowell, MA, 01854 EIN 45-2916988 Since 2012
Revenue (FY2024)
$442K
▼ 2.3% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$380K
Net assets
$481K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for We Share A Common Thread Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating15 mo reserves · +14% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For We Share A Common Thread Foundation Inc: 15 mo reserves · +14% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for We Share A Common Thread Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For We Share A Common Thread Foundation Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 1 Tremont Pl, Lowell, MA, 01854
- City
- Lowell
- State
- Massachusetts
- Subcategory
- Private Foundations
- Website
- …
Financial trends
Revenue grew from $370K (FY2019) to $442K (FY2024) across 6 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $481K
Operating margin
13.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$481K
Total liabilities
$0
Net assets
$481K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $441,537▼2.3% | $380,463▲1.1% | $481,301▲14.5% | $481,301▲14.5% | 990PF |
| 2023 | $451,835▲3.7% | $376,416▼7.8% | $420,227▲21.9% | $420,227▲21.9% | 990PF |
| 2022 | $435,556▼11.6% | $408,397▼11.5% | $344,808▲8.6% | $344,808▲8.6% | 990PF |
| 2021 | $492,751▲3.7% | $461,256▲14.4% | $317,649▲11.0% | $317,649▲11.0% | 990PF |
| 2020 | $475,254▲28.6% | $403,194▲4.4% | $286,154▲33.7% | $286,154▲33.7% | 990PF |
| 2019 | $369,680 | $386,114 | $214,094 | $214,094 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $1.8M total
6 grants to We Share A Common Thread Foundation Inc totaling $1.8M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Jeanne Darc Credit Union | Contributions | 2024 | $297,341 |
| Jeanne Darc Credit Union | Contributions | 2023 | $319,447 |
| Jeanne Darc Credit Union | Support grant activities of the foundation | 2022 | $281,747 |
| Jeanne Darc Credit Union | Charitable contributions | 2021 | $293,770 |
| Jeanne Darc Credit Union | Charitable contributions | 2020 | $323,070 |
| Jeanne Darc Credit Union | Charitable contributions | 2019 | $288,969 |
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Frequently asked questions
- Is We Share A Common Thread Foundation Inc a legitimate nonprofit?
- Yes. We Share A Common Thread Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 45-2916988, based in Lowell, Massachusetts. Donations are tax-deductible.
- What is We Share A Common Thread Foundation Inc's EIN?
- We Share A Common Thread Foundation Inc's Employer Identification Number (EIN) is 45-2916988.
- How much revenue does We Share A Common Thread Foundation Inc report?
- We Share A Common Thread Foundation Inc reported $441,537 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does We Share A Common Thread Foundation Inc have?
- CharityIndex grades We Share A Common Thread Foundation Inc B, based on financial health (reserves and operating margin).
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Data for We Share A Common Thread Foundation Inc (EIN 45-2916988) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.