Therapeutic Learning Center

Analysis

Therapeutic Learning Center is a registered charity in United States, based in Willingboro, NJ. It received its IRS tax-exemption ruling in February 1993, 33 years ago. 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 2023, Therapeutic Learning Center reported income of $12.1m and spending of $11.9m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.0m to $12.1m (+21%), an average of +4.9% a year. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Therapeutic Learning Center sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NJ. Charities of a similar size with the same main cause include Housing Partnership Inc ($12.1m), United Cerebral Palsy of Broward Palm Beach and Mid Coast Counties ($12.1m) and Mental Health America Inc ($12.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $340k (2.8% of expenses). Other salaries and wages came to $5.1m. At year end it held assets of $5.9m against liabilities of $3.7m, net assets of $2.1m. It reported 135 employees.