Threshold Services Inc

Analysis

Threshold Services Inc is a registered charity in United States, based in Kodiak, AK. It received its IRS tax-exemption ruling in August 1985, 41 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Threshold Services Inc reported income of $469k and spending of $498k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $382k to $469k (+23%), an average of +5.3% a year. The sharpest change came in the year to December 2020, when income rose by 47%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Threshold Services Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within AK. Charities of a similar size with the same main cause include Drive-To-Work ($469k), Keren Achiezer Inc ($469k) and Gateway House of Peace Inc ($469k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.0% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $70k (14% of expenses). Other salaries and wages came to $290k. At year end it held assets of $966k against liabilities of $223k, net assets of $742k. It reported 17 employees.