Threshold Inc

Analysis

Threshold Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in July 1985, 41 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 June 2023, Threshold Inc reported income of $927k and spending of $764k, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $798k to $927k (+16%), an average of +3.8% a year. The sharpest change came in the year to June 2022, when income rose by 76%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Threshold Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within NC. Charities of a similar size with the same main cause include Fidm Scholarship Foundation Inc ($927k), Playhouse 2000 Inc ($928k) and Arts Council Inc ($927k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $99k (13% of expenses). Other salaries and wages came to $348k. At year end it held assets of $1.8m against liabilities of $66k, net assets of $1.8m. It reported 13 employees.