Threshold to New Life

Analysis

Threshold to New Life is a registered charity in United States, based in Maple Grove, MN. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 November 2023, Threshold to New Life reported income of $155k and spending of $160k, spending 104% of its income. Across the 2 years on record, from November 2022 to November 2023, income grew from $139k to $155k (+11%), an average of +11% a year. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Threshold to New Life sits at the 43rd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within MN. Charities of a similar size with the same main cause include Abbas Heart Ministries International ($155k), Fostering Together Gulf Coast ($155k) and Madera County Livestock Association ($155k).

On its Form 990-EZ for the period ending November 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $67k against liabilities of $0, net assets of $67k.