Affordable Counseling Therapy Inc

Analysis

Affordable Counseling Therapy Inc is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in November 1973, 53 years ago. 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 September 2023, Affordable Counseling Therapy Inc reported income of $620k and spending of $523k, spending 84% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $229k to $620k (+171%), an average of +28% a year. The sharpest change came in the year to September 2023, when income rose by 57%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Affordable Counseling Therapy Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within AL. Charities of a similar size with the same main cause include Yankton Area Senior Citizens Center Inc ($620k), Kidney Foundation of the Greater Chattanooga Area Inc ($620k) and Forest City Ambulance Service ($620k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 3.8% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $74k (14% of expenses). Other salaries and wages came to $138k. At year end it held assets of $466k against liabilities of $104k, net assets of $362k. It reported 5 employees.