Thresholds Community

Analysis

Thresholds Community is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in March 2013, 13 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Thresholds Community reported income of $585k and spending of $678k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $585k (-47%), an average of -15% a year. The sharpest change came in the year to December 2020, when income dropped by 32%. Over the whole period it spent 101% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Thresholds Community sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Gloria World Mission ($585k), Dharmakaya Center for Wellbeing Inc ($585k) and Friends of Chabad Morumbi Brazil Charitable Association ($585k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $100k (15% of expenses). Other salaries and wages came to $376k. At year end it held assets of $276k against liabilities of $0, net assets of $276k. It reported 12 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.