Threshold Coc

Analysis

Threshold Coc is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in October 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Threshold Coc reported income of $9.2m and spending of $9.5m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $9.2m (+805%), an average of +73% a year. The sharpest change came in the year to December 2020, when income rose by 1027%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Threshold Coc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within NE. Charities of a similar size with the same main cause include Chicago Chesed Fund Inc ($9.2m), Union Mission ($9.2m) and National Health Care for the Homeless Council Inc ($9.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $117k (1.2% of expenses). Other salaries and wages came to $654k. At year end it held assets of $5.6m against liabilities of $404k, net assets of $5.2m. It reported 11 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.