Almelund Threshing Company

Analysis

Almelund Threshing Company is a registered charity in United States, based in Taylors Falls, MN. It received its IRS tax-exemption ruling in April 1992, 34 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 December 2023, Almelund Threshing Company reported income of $291k and spending of $209k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $190k to $291k (+53%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 895%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Almelund Threshing Company sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within MN. Charities of a similar size with the same main cause include Hachnasas Kallah of Greater Los Angeles Inc ($291k), Learning Help Centers of Charlotte ($291k) and Ahecs for a Healthy Louisiana Inc ($291k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.2% and program service revenue 92% of the total. At year end it held assets of $1.3m against liabilities of $93k, net assets of $1.2m.