Ironstone Therapy Inc

Analysis

Ironstone Therapy Inc is a registered charity in United States, based in Andover, MA. It received its IRS tax-exemption ruling in December 1998, 28 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ironstone Therapy Inc reported income of $171k and spending of $201k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $173k to $171k (-1.1%), an average of -0.3% a year. The sharpest change came in the year to December 2022, when income rose by 125%. Over the whole period it spent 107% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ironstone Therapy Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within MA. Charities of a similar size with the same main cause include Periscope Foundation ($171k), Learn to Live ($171k) and Annie Appleseed Project ($171k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 68% of the total. Other salaries and wages came to $71k. At year end it held assets of $16k against liabilities of $43k, net assets of -$27k. It reported 8 employees.