Public Thread X FY2023 filing
Creates living-wage jobs, offers training, and upcycles textile waste for a thriving creative economy. For fiscal year 2023 it reported $102K in revenue, — in expenses, and $329K in net assets.Pt I
- Founded
- 2022
- Type
- Public charity (501(c)(3)) · Human Services
- Location
- Grand Rapids, MI
- Website
- www.publicthread.org
- Filings
- 3 on file (2023–2023)
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Summary of the Filing
Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Janay Brower’s $50K as Chief Executive Officer is at the 37th percentile of top reported officer pay among 2162 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2023 | FY2023 |
|---|---|---|
| Janay Brower | $49,677 | $49,677 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Where the work happens
To provide bold upcycled luxury that supports people, the planet, and the community. Part of this mission is reducing textile waste in kent county & public thread post-industrial textile waste division in 2023, 20 tons (40,038 pounds) of textile "waste" was upcycled and reused
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Statement of Revenue
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Fundraising cost ratio | 10% | — | — |
| Revenue growth | -80% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Grants
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Filings & Schedule Manifest
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Sources
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