Therapy Center Inc

Analysis

Therapy Center Inc is a registered charity in United States, based in LA Mesa, CA. It received its IRS tax-exemption ruling in July 1988, 38 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 December 2023, Therapy Center Inc reported income of $988k and spending of $851k, spending 86% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $1.2m to $988k (-20%), an average of -4.3% a year. The sharpest change came in the year to December 2021, when income rose by 28%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Therapy Center Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include St Vincent de Paul Society of Appleton Inc ($988k), School Tuition Organization of Southeast Iowa ($989k) and Holmes Community College Development Foundation Inc ($988k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $137k (16% of expenses). Other salaries and wages came to $292k. At year end it held assets of $826k against liabilities of $75k, net assets of $751k. It reported 22 employees.