Threshold Residential Services Inc

Analysis

Threshold Residential Services Inc is a registered charity in United States, based in E Palestine, OH. It received its IRS tax-exemption ruling in September 1980, 46 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 Residential Services Inc reported income of $5.2m and spending of $5.3m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.2m to $5.2m (+0.5%), an average of +0.1% a year. The sharpest change came in the year to June 2021, when income rose by 29%. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Threshold Residential Services Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within OH. Charities of a similar size with the same main cause include Purchase College Foundation Housing Corporation ($5.2m), Muhlenberg Community Housing Development Fund Corporation ($5.2m) and Todco Ybc 3 ($5.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.7% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $119k (2.2% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $6.3m against liabilities of $489k, net assets of $5.8m. It reported 193 employees.