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Textile Exchange

EIN 33-1034726 · Burbank, CA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthStrong93 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

INSPIRE, EQUIP PEOPLE TO INCREASE SUSTAINABLE PRACTICES IN THE TEXTILE INDUSTRY. MINIMIZING THE HARMFUL IMPACTS AND MAXIMIZING POSITIVE EFFECTS OF THE TEXTILE INDUSTRY.

Income
$33.5 million
Spending
$27.3 million
Spent on programs
80%
Reserves
8.9 months of spending
Largest source of income
donations and private grants, 95%
Employees
74
Highest pay
$313,172, ceo

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Strong: 93 out of 100. Higher than 89% of charities in its peer group (food and agriculture, $10m to $100m).

  • Reserves

    28 of 35

    Spendable reserves would cover 8.9 months of spending.

  • Debt

    20 of 20

    It owes 8% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 19% of income.

  • Income trend

    15 of 15

    Income rose 39% on the year before.

  • Spending floor

    15 of 15

    80% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100. Higher than 31% of charities in its peer group (food and agriculture, $10m to $100m).

  • Independent board

    25 of 25

    13 of 13 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (5)
  1. $4.7 million spent. OUR 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.
  2. $4.7 million spent. 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.
  3. $6.3 million spent. 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.
  4. $6.3 million spent. OUR GOAL IS TO BUILD THE TOOLS CONSUMERS AND COMPANIES NEED TO LEARN ABOUT ORGANIC AND MORE SUSTAINABLE TEXTILE PRODUCTION, AND TO LEARN WHAT THEY CAN DO TO SUPPORT THEIR TRANSITION TO THESE PRACTICES. WE CONTINUED TO UPGRADE OUR WEBSITE, HAVE CONTINUED OUR TEXTILE MARKET SURVEY, HAVE CONTINUED BUILDING THE IDENTITY OF THE ORGANIZATION AND IMPLEMENTED STANDARDS FOR TRACKING, TRACING AND DOCUMENTING THE USE OF ORGANIC AND RECYCLED MATERIAL.
  5. OUR GOAL IS TO BUILD THE TOOLS CONSUMERS AND COMPANIES NEED TO LEARN ABOUT ORGANIC AND MORE SUSTAINABLE TEXTILE PRODUCTION, AND TO LEARN WHAT THEY CAN DO TO SUPPORT THEIR TRANSITION TO THESE PRACTICES. WE CONTINUED TO UPGRADE OUR WEBSITE, HAVE CONTINUED OUR TEXTILE MARKET SURVEY, HAVE CONTINUED BUILDING THE IDENTITY OF THE ORGANIZATION AND IMPLEMENTED STANDARDS FOR TRACKING, TRACING AND DOCUMENTING THE USE OF ORGANIC AND RECYCLED MATERIAL.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since October 2003.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

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