Operation Threshold Inc

Analysis

Operation Threshold Inc is a registered charity in United States, based in Waterloo, IA. It received its IRS tax-exemption ruling in October 1983, 43 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 September 2023, Operation Threshold Inc reported income of $13.5m and spending of $13.6m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $10.8m to $13.5m (+26%), an average of +5.9% a year. The sharpest change came in the year to September 2022, when income rose by 31%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Operation Threshold Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IA. Charities of a similar size with the same main cause include Young Mens Christian Association of Rye N Y ($13.5m), Community Action Partnership of Mid-Nebraska ($13.5m) and Living Community of St Joseph ($13.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $234k (1.7% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $5.6m against liabilities of $1.0m, net assets of $4.6m. It reported 66 employees.