The Therapy Place Inc

Analysis

The Therapy Place Inc is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in August 2008, 18 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 June 2024, The Therapy Place Inc reported income of $2.3m and spending of $1.9m, spending 83% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.0m to $2.3m (+121%), an average of +22% a year. The sharpest change came in the year to June 2024, when income rose by 52%. Over the whole period it spent 94% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, The Therapy Place Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within SC. Charities of a similar size with the same main cause include Fathers in the Field ($2.3m), WF Events LLC ($2.3m) and Boy Scouts of America ($2.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 47% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $118k (6.3% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $1.3m against liabilities of $386k, net assets of $868k. It reported 36 employees.