Threads of Hope is unique in that 100% of sales revenue is returned to the artisans through direct monthly purchases, at the price they have set. Then, year-end profit from textiles sales funds The Hope Grant Fund. Operating costs are not paid from textile sales. We fundraise for overhead, relying on the generosity of volunteers, and are therefore able to maintain the overhead between 2%-4% – which is certified via yearly financial audits and Independent Charities of America with financials available on Guidestar.
The Independent Charities Seal of Excellence is awarded to the members of Independent Charities of America and Local Independent Charities of America that have, upon rigorous independent review, been able to certify, document, and demonstrate on an annual basis that they meet the highest standards of public accountability, program effectiveness, and cost effectiveness. These standards include those required by the US Government for inclusion in the Combined Federal Campaign, probably the most exclusive fund drive in the world. Of the 1,000,000 charities operating in the United States today, it is estimated that fewer than 50,000, or 5 percent, meet or exceed these standards, and, of those, fewer than 2,000 have been awarded this Seal.
GuideStar gathers and disseminates information about every single IRS-registered nonprofit organization. They provide as much information as they can about each nonprofit’s mission, legitimacy, impact, reputation, finances, programs, transparency, governance, and so much more. They do that so you can take the information and make the best decisions possible. Threads of Hope is proud to display the highest level of financial transparency as a Platinum Charity. View our Financials
“Threads of Hope is committed to financial transparency to verify the very best use of the funds entrusted to our care. The yearly audit, by a licensed CPA, can be seen on Guidestar”