Therapy and Learning Center Inc

Analysis

Therapy and Learning Center Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in February 1991, 35 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Therapy and Learning Center Inc reported income of $7.1m and spending of $7.0m, spending 98% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $5.8m to $7.1m (+22%), an average of +4.1% a year. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Therapy and Learning Center Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Corlears School ($7.1m), Hamilton Park Montessori School a New Jersey Non Profit Corporation ($7.1m) and University City Associates Inc New Corp ($7.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 14% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $143k (2.0% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $4.3m against liabilities of $3.9m, net assets of $462k. It reported 108 employees.