Thresholds Health NFP

Analysis

Thresholds Health NFP is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Thresholds Health NFP reported income of $565k and spending of $1.2m, spending 214% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $1.0m to $565k (-44%), an average of -44% a year. The sharpest change came in the year to June 2023, when income dropped by 44%. Over the whole period it spent 79% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Thresholds Health NFP sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within IL. Charities of a similar size with the same main cause include Unfailing Love Clinic Inc ($565k), Cardiac Therapy Foundation of the Midpeninsula ($565k) and Warren Area Ambulance Service Inc ($565k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $156k (13% of expenses). Other salaries and wages came to $277k. At year end it held assets of $520k against liabilities of $178k, net assets of $341k. It reported 1 employees.