Therapy Center of Philadelphia

Analysis

Therapy Center of Philadelphia is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in January 1976, 50 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, Therapy Center of Philadelphia reported income of $398k and spending of $380k, spending 95% of its income. Across the 3 years on record, from December 2019 to December 2021, income grew from $364k to $398k (+9.4%), an average of +4.6% a year. The sharpest change came in the year to December 2020, when income rose by 25%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Therapy Center of Philadelphia sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within PA. Charities of a similar size with the same main cause include Macedon Public Library ($398k), Kayser Broadcast Ministries ($398k) and Jewish Learning Connection Inc ($398k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 44% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $41k (11% of expenses). Other salaries and wages came to $68k. At year end it held assets of $186k against liabilities of $12k, net assets of $174k. It reported 4 employees.