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Textile Exchange
Textile Exchange reported $33.5 million in revenue and $27.3 million in expenses for calendar year 2024. Of every $100 it spent, $80.26 went to program services, $19.74 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 94.6% of the total. The highest compensation it reported for one person was $313,172 (CEO). 7 people received more than $100,000 in reportable compensation. Revenue rose 557% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $27MFor context, the median across 349 covered food, agriculture & nutrition charities: $94.56 programs, $3.12 management, $2.32 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $34MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 80.3% | 94.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 19.7% | 3.1% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 2.3% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.02 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 94.6% | 96.4% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 10.5% |
| Program service revenue share Part VIII 2g ÷ 12 | 4.1% | 1.3% |
| Highest reported compensation Part VII-A, columns D–F | $313,172 | $213,323 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.15% | 0.61% |
| People paid over $100,000 Part VII, line 2 | 7 | 3 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 8.9 | 6.6 |
| Independent voting board members Part VI 1a–1b | 13 of 13 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseOur goal is to help increase the social, environmental, and economic benefits of textile production for all involved throughout the world. We identified and met with farmer organizations, production companies, and other players in more than a dozen countries and held in-depth meetings discussing environmental, social, and economic challenges facing them
Our goal is to raise awareness of the value of sustainable textile production in the general public and with business decision makers. We assessed where the level of consumer and business awareness was concerning organic and/or sustainable textiles, held meetings in north america, european basin, and pacific rim to understand regional perspective of these issues
Our goal is to get leading retailers and brands to use sustainable materials and practices in production of their products and to educate consumers. We are currently working with some of the world's largest and most influential brands to develop and enlarge the sustainable textiles industry
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CEO Officer, 40.00 hrs/week | $313,172 | $0 | $0 | $313,172 |
| SENIOR DIREC Highest compensated employee, 40.00 hrs/week | $237,452 | $0 | $0 | $237,452 |
| CSO Officer, 40.00 hrs/week | $236,120 | $0 | $0 | $236,120 |
| COO Officer, 40.00 hrs/week | $227,471 | $0 | $0 | $227,471 |
| SENIOR DIREC Highest compensated employee, 40.00 hrs/week | $213,781 | $0 | $0 | $213,781 |
| SENIOR DIREC Highest compensated employee, 40.00 hrs/week | $200,310 | $0 | $0 | $200,310 |
| SENIOR DIREC Highest compensated employee, 40.00 hrs/week | $199,018 | $0 | $0 | $199,018 |
7 people received more than $100,000 in reportable compensation from Textile Exchange (Part VII, line 2).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b13 · 13 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 574
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| INGERSOLL SOLUTIONS LLC | $230,400 |
Individuals listed as contractors are left out. 1 contractors were paid more than $100,000 in all.
Private foundation grants it received
1 private foundation reported grants to Textile Exchange totaling $215 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Textile Exchange's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Textile Exchange, you can publish a response that is linked from this page.
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Of every $100 Textile Exchange spent in 2024, $80.26 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of Textile Exchange's spending goes to programs?
In calendar year 2024, Textile Exchange reported that 80.3% of its $27.3 million in expenses went to program services, 19.7% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Textile Exchange pay its top executive?
The largest total compensation Textile Exchange reported for one person in calendar year 2024 was $313,172, for the role of CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Textile Exchange get its money?
Of $33.5 million in revenue in calendar year 2024, 94.6% came from contributions and grants and 4.1% from program service revenue (Form 990, Part VIII).
Is Textile Exchange a registered charity?
The IRS lists EIN 33-1034726 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202503159349303350 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202432579349301313 · read the filing
- 2022: Form 990 for calendar year 2022, object 202322569349300817 · read the filing
- 2021: Form 990 for calendar year 2021, object 202223139349304127 · read the filing
- 2020: Form 990 for calendar year 2020, object 202113129349302211 · read the filing
- 2019: Form 990 for calendar year 2019, object 202033109349300813 · read the filing
All filings for EIN 33-1034726: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.