Old Threshers Foundation Inc

Analysis

Old Threshers Foundation Inc is a registered charity in United States, based in Mt Pleasant, IA. It received its IRS tax-exemption ruling in June 1986, 40 years ago. 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 October 2023, Old Threshers Foundation Inc reported income of $207k and spending of $229k, spending 111% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income fell from $220k to $207k (-5.9%), an average of -1.5% a year. The sharpest change came in the year to October 2021, when income rose by 527%. Over the whole period it spent 51% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Old Threshers Foundation Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within IA. Charities of a similar size with the same main cause include Kentucky Counseling Association ($207k), Self-Evident Inc ($207k) and St Bernard Autism Awareness Krewe Inc ($207k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 47% of the total. Compensation of current officers, directors and key employees was $10k (4.4% of expenses). At year end it held assets of $3.5m against liabilities of $0, net assets of $3.5m.