Financial Therapy Association

Analysis

Financial Therapy Association is a registered charity in United States, based in Topeka, KS. It received its IRS tax-exemption ruling in August 2010, 16 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 December 2023, Financial Therapy Association reported income of $229k and spending of $180k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $210k to $229k (+9.1%), an average of +9.1% a year. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Financial Therapy Association sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within KS. Charities of a similar size with the same main cause include Magothy Co-Operative Preschool and Kindergarten ($229k), Chippewa Valley Symphony Ltd ($229k) and The German Society of the City of New York ($229k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 68% of the total. At year end it held assets of $235k against liabilities of $25k, net assets of $210k.