Thresholds Housing Inc

Analysis

Thresholds Housing Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 1980, 46 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Thresholds Housing Inc reported income of $116k and spending of $174k, spending 150% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $163k to $116k (-29%), an average of -8.1% a year. The sharpest change came in the year to June 2023, when income dropped by 32%. Over the whole period it spent 108% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Thresholds Housing Inc sits at the 31st percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 42nd percentile within IL. Charities of a similar size with the same main cause include Iowa Sids Foundation ($116k), Bernard Rescue Unit Incorporated ($116k) and Pregnancy Help Center Inc ($116k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $13k. At year end it held assets of $680k against liabilities of $556k, net assets of $124k.