Addiction Treatment Services Inc

Analysis

Addiction Treatment Services Inc is a registered charity in United States, based in Traverse City, MI. It received its IRS tax-exemption ruling in May 1974, 52 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, Addiction Treatment Services Inc reported income of $5.7m and spending of $5.7m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $4.9m to $5.7m (+16%), an average of +3.7% a year. The sharpest change came in the year to September 2021, when income rose by 20%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Addiction Treatment Services Inc sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within MI. Charities of a similar size with the same main cause include Indianhead Community Action Agency ($5.7m), Community Rowing Inc ($5.7m) and Southern Kennebec Child Development Corporation ($5.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 8.3% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $406k (7.1% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $3.8m against liabilities of $505k, net assets of $3.3m. It reported 104 employees.