Threshold Housing Development Inc

Analysis

Threshold Housing Development Inc is a registered charity in United States, based in Uniontown, PA. It received its IRS tax-exemption ruling in January 1992, 34 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Threshold Housing Development Inc reported income of $624k and spending of $671k, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $628k to $624k (-0.6%), an average of -0.1% a year. The sharpest change came in the year to June 2020, when income rose by 72%. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Threshold Housing Development Inc sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within PA. Charities of a similar size with the same main cause include Rock Hill Senior Properties Inc ($624k), Albany Area Habitat for Humanity ($624k) and Jacob Blake Manor Ltd ($624k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% of the total. Other salaries and wages came to $135k. At year end it held assets of $208k against liabilities of $171k, net assets of $37k. It reported 5 employees.