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Thousand Currents

CharityWatch report issued
June 2020

Top-Rated Charity
A
CharityWatch Grade
Our independent grade based
on a number of factors.
 
81%
Program Percentage
Amount spent on programs
relative to overhead.
 
$12
Cost to Raise $100
Amount spent to raise
$100 of contributions.

Contact Information

Thousand Currents
1330 Broadway
Suite 301
Oakland, CA 94612

Other Names

IDEX - International Development Exchange--(formerly)

Tax Status

501(c)3

Stated Mission

To fund, connect, and walk alongside grassroots groups transforming their communities.

View similar charities
Data based on Fiscal Year Ended 06/30/2018

Program Percentage: 81%

The percentage of Thousand Currents's cash budget it spends on programs relative to overhead (fundraising, management, and general expenses).

$5,600,000

Calculated Total Expenses

(rounded)

 

Cost to Raise $100: $12

How many dollars Thousand Currents spends on fundraising to raise each $100 of contributions.

$6,600,000

Calculated Total Contributions

(rounded)

Government Funding

0% to 24%

Percentage of cash revenue
coming from government sources

 

Financial Documents

Entity Document Type Tax ID
Thousand Currents IRS Form 990 77-0071852
Thousand Currents Audited Financial Statements 77-0071852
Entity: Thousand Currents
Document Type: IRS Form 990
Tax ID: 77-0071852
Entity: Thousand Currents
Document Type: Audited Financial Statements
Tax ID: 77-0071852

Governance & Transparency

CharityWatch evaluates certain criteria related to a charity's Governance and Transparency. Donors may want to consider a charity's willingness to be open and transparent with CharityWatch to be a good litmus test for determining its commitment to public accountability.
This charity is Top-Rated
What does it mean to be Top-Rated?
 
Thousand Currents
meets governance benchmarks.
 
Thousand Currents
meets transparency benchmarks.
Transparency
Provides Financial Information
Audit Accessibility
Governance: Policies
Reports regularly & consistently monitoring & enforcing compliance with a written Conflict of Interest Policy
Reports required, annual disclosure by officers, directors, and key staff of interests that could give rise to conflicts
Reports having a written Whistleblower Policy
Reports having a written Document Retention and Destruction Policy
Governance: Financials
Reports providing copy of tax form to all board members prior to filing it with IRS
Reports that financial statements were audited by an independent accountant
Governance: Board of Directors
Reports at least 5 voting board members
51% or more of voting board members reported as independent
Reports documenting minutes of board and board committee meetings
Privacy Policy
Privacy Policy No Sharing  

  Name Title Compensation
1 Kailee Scales Director $140,000
2 Rajasvini Bhansali Executive Director $135,833
1
Name: Kailee Scales
Title: Director
Compensation: $140,000
2
Name: Rajasvini Bhansali
Title: Executive Director
Compensation: $135,833

CharityWatch Analysts perform an in-depth analysis of charities' audited financial statements and IRS tax filings, and often review other documents such as state filings, annual reports, and fundraising contracts during their evaluations. Below are select notes that CharityWatch believes may be of interest to donors.

According to the Thousand Currents audited Statement of Financial Position for the fiscal year ended June 30, 2018Thousand Currents reports total net assets of $5,495,932. Of this amount, $2,622,017 is reported as temporarily restricted for support of Black Lives Matter (Note 6, Temporarily Restricted Net Assets).

According to the Thousand Currents audit of June 30, 2018 (Note 9, Concentrations):

"...For the year ended June 30, 2018, the Organization had one donor representing approximately 31% of total support revenue."



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