Threshold Rehabilitation Services Inc

Analysis

Threshold Rehabilitation Services Inc is a registered charity in United States, based in Reading, PA. It received its IRS tax-exemption ruling in April 1968, 58 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Threshold Rehabilitation Services Inc reported income of $19.8m and spending of $18.7m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $18.7m to $19.8m (+5.7%), an average of +1.4% a year. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Threshold Rehabilitation Services Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within PA. Charities of a similar size with the same main cause include Macon Bibb County Economic Opportunity Council Inc ($19.8m), Work Skills Corporation ($20.0m) and Community Action of Eastern Iowa ($19.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $635k (3.4% of expenses). Other salaries and wages came to $11.2m. At year end it held assets of $13.2m against liabilities of $2.9m, net assets of $10.3m. It reported 416 employees.