Threshold To New Life
EIN: 463883789 · Maple Grove, MN · NTEE: P20
| Metric | Value |
|---|---|
| Total Revenue | $173K |
| Total Expenses | $160K |
| Net Assets | $67K |
Is Threshold To New Life Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Threshold To New Life
Threshold To New Life (EIN: 463883789) is a nonprofit organization based in Maple Grove, MN, classified under NTEE code P20. The organization reported total revenue of $173K and total assets of $83K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Threshold To New Life's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Threshold To New Life is a small nonprofit that has been operating for 12 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 15.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $155K |
| Total Expenses | $160K |
| Surplus / Deficit | $-5,488 |
| Total Assets | $67K |
| Net Assets | $67K |
| Operating Margin | -3.5% |
| Months of Reserves | 5.0 months |
Financial Health Grade: B
In 2023, Threshold To New Life reported a deficit of $5K with expenses exceeding revenue, holds 5.0 months of operating reserves (adequate).
Financial Trends
Over 8 years of filings (2016–2023), Threshold To New Life's revenue has grown at a compound annual growth rate (CAGR) of 15.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.1% | +15.6% | -7.6% |
| 2022 | -7.9% | +22.7% | +0.8% |
| 2021 | +106.1% | +74.0% | +113.0% |
| 2020 | -25.3% | -24.0% | +33.1% |
| 2019 | -5.4% | -27.0% | +101.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Threshold To New Life has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Threshold To New Life with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $5K, with expenses exceeding revenue.
Frequently Asked Questions about Threshold To New Life
Is Threshold To New Life a legitimate charity?
Threshold To New Life (EIN: 463883789) is a registered tax-exempt nonprofit based in Minnesota. It has 8 years of IRS 990 filings on record. Total revenue: $173K. No red flags identified. Financial health grade: B.
How does Threshold To New Life spend its money?
Threshold To New Life reported $173K in total revenue in IRS 990 filings. 8 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Threshold To New Life tax-deductible?
Threshold To New Life is registered as a tax-exempt nonprofit (EIN: 463883789). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Threshold To New Life located?
Threshold To New Life is headquartered in Maple Grove, Minnesota and files with the IRS under EIN 463883789. It is classified under NTEE code P20.
How many years of IRS 990 filings does Threshold To New Life have?
Threshold To New Life has 8 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $173K in total revenue.
Filing History
IRS 990 filing history for Threshold To New Life showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Threshold To New Life's revenue has grown by 168.6%, moving from $58K to $155K. Total assets increased by 269.5% over the same period, from $18K to $67K. Total functional expenses rose by 194.6%, from $54K to $160K. In its most recent filing year (2023), Threshold To New Life reported a deficit of $5K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $155K | $160K | $67K | $0 | — | View 990 |
| 2022 | $139K | $139K | $72K | $0 | — | View 990 |
| 2021 | $151K | $113K | $72K | $0 | — | View 990 |
| 2020 | $73K | $65K | $34K | $20 | — | View 990 |
| 2019 | $98K | $85K | $25K | $46 | — | View 990 |
| 2018 | $104K | $117K | $13K | $13 | — | View 990 |
| 2017 | $74K | $67K | $26K | $0 | — | View 990 |
| 2016 | $58K | $54K | $18K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $155K, expenses of $160K, and assets of $67K (revenue +11.1% year-over-year).
- 2022: Revenue of $139K, expenses of $139K, and assets of $72K (revenue -7.9% year-over-year).
- 2021: Revenue of $151K, expenses of $113K, and assets of $72K (revenue +106.1% year-over-year).
- 2020: Revenue of $73K, expenses of $65K, and assets of $34K (revenue -25.3% year-over-year).
- 2019: Revenue of $98K, expenses of $85K, and assets of $25K (revenue -5.4% year-over-year).
- 2018: Revenue of $104K, expenses of $117K, and assets of $13K (revenue +39.4% year-over-year).
- 2017: Revenue of $74K, expenses of $67K, and assets of $26K (revenue +29.2% year-over-year).
- 2016: Revenue of $58K, expenses of $54K, and assets of $18K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Threshold To New Life:
Data Sources and Methodology
This transparency report for Threshold To New Life is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.