The Thresholds

Analysis

The Thresholds is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 1965, 61 years ago. 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, The Thresholds reported income of $109.8m and spending of $107.5m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $87.1m to $109.8m (+26%), an average of +5.9% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Thresholds sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IL. Charities of a similar size with the same main cause include Sutter Insurance Services Corporation ($109.5m), American Musical & Dramatic Academy ($110.1m) and Institute of Nuclear Power Operations ($109.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $2.8m (2.6% of expenses). Other salaries and wages came to $60.2m. It paid $7,500 in professional fundraising fees. At year end it held assets of $92.6m against liabilities of $28.4m, net assets of $64.2m. It reported 1,503 employees.